US Advance Pricing Agreements, Amid COVID And Before

Summary

Law360 (Apr 2, 2021, 7:00 PM EDT) -- The Internal Revenue Service recently released its annual report covering the operations of its Advance Pricing and Mutual Agreement Program, formerly called the Advance Pricing Agreement Program, for the year 2020. Last year marked the completion of the program's 30th year of operation. On the occasion of its 30th anniversary, and the completion of a most unusual COVID-19-plagued year, it is worth spending a few moments to discuss the year just ended as well as the past 30.