My company is regularly audited however, the IRS has never asked about our Transfer Pricing. We have significant intercompany transactions yet we do not have any Transfer Pricing documentation. Should we be concerned and if so, what do you suggest we do?
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Tax Professional Answers
William Keats
I am not familiar with Transfer Pricing, and suggest you contact a tax attorney or CPA.
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578 weeks ago
Lynn Mitchell
Transfer pricing is very complex and the documentation requirements vary depending upon the country involved. I agree that you should contact a tax specialist who is familiar with your industry and countries with which you do business.
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577 weeks ago