Transfer Pricing: A Review of General Principles and Latest Developments
Joseph B. Darby III presented "Transfer Pricing: A Review of General Principles and Latest Developments," at a webinar sponsored by Thomson Reuters.
This course gave accountants, tax practitioners and other advisors a clear and concise summary of the basic transfer pricing rules under Code Section 482 and the extremely intricate Regulations, in order to better advise their clients on strategies and compliance. Designed for tax professionals who are not engaged in a regular or repetitive basis in this complex but very important area of tax law, the course reviewed all the basic rules and principles, and discussed the various methods approved by the Regulations for implementing a transfer pricing regime. Various strategies and choices, including the circumstances in which a taxpayer may want to seek an Advanced Pricing Agreement with the IRS, as well as the reasons to choose alternative approaches, were also discussed. An update on the latest developments over the past year was also provided, so that a participant with significant experience in the area will be able to get a quick update on the latest developments.