IRS transfer pricing audits focus on international businesses and the transfer of goods and/or services between affiliated companies. The IRS recently established a new Large Business & International (LB&I) audit team specifically tasked with reviewing US businesses and multinational corporations with exchanges between companies within the same constellation of corporate entities. This means the IRS has assembled an internal team with specialized expertise under the LB&I scope of targeted audits with the purpose of increasing tax collections in significant amounts based upon transfer pricing issues.
If your company is part of a cross-border or multi-national group of affiliated entities and you regularly transfer services, products or goods between these entities you can expect an IRS review or full audit. Allen Barron is uniquely positioned to provide integrated tax, accounting, business advisory and legal services to multi-national corporations and cross-border businesses in San Diego and throughout the Southwestern United States.
The integrated professional disciplines ensure you receive expert and comprehensive insight into complex international tax and transfer pricing questions, challenges and strategies. We provide our clients with a higher perspective and deeper insight into these challenges based upon the impact of problems and decisions across the entire company and not simply one side of the issue. A tax attorney can only address a portion of the problem. International business attorneys can address legal entity structures but cannot connect tax implications and impact on operational accounting processes and information collection across all entities. None have the experience of actually operating and managing a multinational corporation.
Allen Barron’s integrated team provides this in a single source. We are able to evaluate the impact of any issue upon every aspect of your business operations, while leveraging economies of scale. Our clients value our expertise, efficiency, candor and the depth and quality of the advice and counsel we provide. Are you concerned with the IRS LB&I transfer pricing audits focus on international businesses and how you will navigate the challenging and quickly changing international business climate? We invite you to contact us or call 866-631-3470 for a free consultation.