On November 6, 2017, the Internal Revenue Service (IRS) released two new international Practice Units (IPUs) in connection with Advance Pricing Agreements (APAs) for inbound and outbound tangible goods transactions. The IPUs provide a summary of the APA process, the types of APA and the interpretation and impact of an APA. The IPUs focus on the APA analysis for inbound distributors and outbound distributors.
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