The United States IRS has introduced rigorous pre-screening into the early stages of the Advance Pricing  Agreement (APA) process. The interim guidance, which is effective immediately, outlines a procedure under which the Advance Pricing Mutual Agreement team, along with other Transfer Pricing Operations personnel, will review a taxpayer’s prefiling memorandum and recommend whether to proceed with the APA. As part of this screening, the prefiling review team may recommend shifting the taxpayer from the APA process to alternative workstreams. An EY Tax Alert has more details.  In light of this guidance, Ryan Kelly, EY Americas ITTS Tax Controversy Leader, reminds...