On 14 February 2014 a Transfer Pricing Audit Roadmap was issued by the Large Business and International (LB&I) division of the IRS. This sets out the procedures in relation to the conduct of a transfer pricing audit and the timeline to follow. The Roadmap is designed to assist tax auditors and taxpayers to resolve issues efficiently and ensure that matters arising can be settled while the audit is taking place, without the need for an appeal procedure. The Roadmap gives taxpayers an insight into the procedures and gives the auditors a work plan. It does not however amount to official guidance but is a working document to be used practically in planning audits.
US: BEPS to Compound Global Tax Risks
Related Posts
US: Trump administration escalates tariff threat on Canadian automotive sector
President Donald Trump announced plans to impose 50% tariffs on all vehicles, trucks, and automotive parts originating
Read More
Canada suspends US trade negotiations, retaliates with matching tariffs
Prime Minister Mark Carney announced on 21 August 2026 that Canada's government has halted negotiations with the US
Read More
US: IRS launches digitally authenticated tax compliance report for individual taxpayers
The US Internal Revenue Service (IRS) announced on 20 August 2026 that a digitally authenticated Tax Compliance Report
Read More
US: IRS states interest rates to remain unchanged for Q4 2026
The US Internal Revenue Service (IRS) announced on 21 August 2026 that the interest rates will remain the same for the
Read More
US: IRS clarifies limitation on deduction for business interest expense
The US IRS has published updated Questions and Answers about the limitation on the deduction for business interest
Read More
US: Treasury, IRS propose eligibility rules for refundable individual tax credits
The US Treasury and IRS issued the proposed regulations on 18 August 2026. The rules would apply the eligibility
Read More