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IRS Seeking to Improve Its Work on Transfer Pricing Audits

Nov. 17, 2022, 9:58 PM

The IRS is refining its work on transfer pricing audits, an agency official said Thursday.

Holly Paz, the acting commissioner of the IRS Large Business & International Division, said at a Bloomberg Tax event that the vast majority of returns that the division selects for audit have transfer pricing issues, so the IRS is “always trying to improve the way we are addressing those issues.”

  • The IRS is looking to hire economists and tax law specialists with expertise on transfer pricing, and is continuing to expand its use of data analytics so that it can “identify the highest ...