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U.S. IRS Releases Practice Unit on Foreign-Initiated Adjustment(s)

|Approved Changes|United States
United States

The U.S. IRS has released an international practice unit on Competent Authority Revenue Procedure 2015-40 Guidance: Foreign-Initiated Adjustment(s). The practice unit focuses on procedures for foreign-initiated adjustments (i.e., adjustments made by foreign tax authorities) concerning the taxable income of U.S. multinationals or their foreign affiliates, including, but not limited to:

  • Transfe…

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