United States: Comments submitted to IRS regarding plans to update MAP and APA guidelines

Suggestions for how successor guidance to Rev. Proc. 2015-40 and Rev. Proc. 2015-41 could further improve the MAP and APA programs

Regarding plans to update MAP and APA guidelines

The IRS’s current Priority Guidance Plan [PDF 253 KB] includes notations that guidance would be issued to update Rev. Proc. 2015-40 (mutual agreement procedure) and Rev. Proc. 2015-41 (advance pricing agreements).

The IRS in April 2022 also included an invitation for recommendations regarding next year’s Priority Guidance Plan. Read TaxNewsFlash

KPMG LLP today submitted comments to the IRS and Treasury Department with suggestions for how successor guidance to Rev. Proc. 2015-40 and Rev. Proc. 2015-41 could further improve the MAP and APA programs. Read KPMG’s comments [PDF 153 KB] 

 

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