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IRS Boosts Enforcement and Penalties on Transfer Pricing Violations

January 1, 2025
IRS Boosts Enforcement and Penalties on Transfer Pricing Violations

IRS Boosts Enforcement and Penalties on Transfer Pricing Violations

The IRS has expanded its enforcement staff and put advanced analytical tools to work targeting transfer pricing compliance. Penalties can now reach as high as 40% for large adjustments, underscoring the need for companies to maintain meticulous records.

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