New IRS report provides details on 2016 advance pricing agreements

In an Announcement, IRS has released its eighthteenth required report providing details on the experience, structure, and activities of the Advance Pricing and Mutual Agreement (APMA) Program; the report covers calendar year 2016. The total number of advance pricing agreements (APAs) executed decreased from 110 in 2015 to 86 in 2016. The percentage of new APAs executed (i.e., not renewals of prior APAs) slightly increased from 40% in 2015 to 41% in 2016. … Read More