Businesses that are struggling with transfer pricing issues are hoping that a new tool from the IRS will lead to a streamlined tax audit process, according to a new survey from KPMG LLP.
The online survey of 680 senior U.S. tax professionals found that 40 percent of respondents felt they would experience a smoother audit process due to the IRS’s new Transfer Pricing Audit Roadmap, which was designed to provide practitioners with audit techniques and tools to assist with the planning, execution and resolution of transfer pricing examinations.
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