Josh Finfrock, Director in the CBIZ MHM Memphis office, recently spoke at the U.S. Intermediate Transfer Pricing Update Bloomberg BNA conference on February 22nd & 23rd.
The two-day conference included instruction on common transfer pricing methodologies and concepts for accountants, attorneys, and other tax practitioners. The program was designed as a training session to introduce tax practitioners to the key reporting and compliance issues in establishing an arm’s length price under Sec. 482 and the OECD guidelines.
Finfrock leads the Transfer Pricing practice at CBIZ and performs work for companies all across the world. At the conference, Josh presented 'Analyzing the Intercompany Transfers of Tangible Property.' In this session, he discussed… available methodologies, types of manufacturers, types of distributors, and examples of common intercompany transactions as it all relates to sales of tangible property.
Transfer pricing in the United States continues to be a topic of major concern to tax executives at U.S. outbound and inbound multinationals. Transfer pricing requires financial statement results to properly reflect profits between business units for tax and earnings forecasts. As a result, corporate tax and financial executives must establish effective internal controls and defend their pricing policies before their auditors and the IRS.
For questions regarding transfer pricing and its impact on your international operations, please contact Josh Finfrock at email@example.com or 901.685.5575.