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100-minute live streaming program
  • July 29
  • 1:00 - 2:40 pm EST

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OnDemand Course

Tax Compliance: Transfer Pricing Regulation and Enforcement

July 29

Gain a better understanding of the basic principles of transfer pricing, including recent developments, tools, and current issues.

Many small-to medium-sized (SME) firms are not familiar with transfer pricing. Often, they are unaware of the penalty protections provided by contemporaneous transfer pricing documentation, unfamiliar with the requirements needed for documentation, underestimate expensive transfer pricing penalties, and are unfamiliar with the process of a transfer pricing audit. This topic provides an overview of transfer pricing concepts, transfer pricing documentation and recent court cases in the United States, a review of the IRS’ transfer pricing examination process (TPEP) as well as best practices to ensure consistency between the transfer pricing documentation, intercompany pricing policies, and the tax return.

Learning Objectives

  • You will be able to describe the basic concepts of transfer pricing and the arm’s length principle/standard.
  • You will be able to explain the importance of ensuring consistency between the tax return and transfer pricing documentation.
  • You will be able to understand the IRS’ transfer pricing examination process.
  • You will be able to recognize the difference between U.S. and global transfer pricing documentation.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Transfer Pricing
  • Review of Basics
  • Principal Documents and Penalties
  • Recent IRS Developments and Court Cases
IRS Transfer Pricing Examination Process (TPEP)
  • Planning Phase
  • Execution Phase
  • Resolution Phase
Transfer Pricing and the Tax Return
  • IRS Forms 5471 and 5472
  • IRS Form 8858: Disregarded Entities
  • IRS Form 8975: Country-By-Country Report
Global Transfer Pricing Documentation
  • OECD Guidelines
  • Master File Local File
  • Bridging U.S. and Global Documentation
Background Transfer Pricing Documentation
  • What Are Background Documents?
  • Tying It All Together
  • Conclusion and Wrap-up
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on July 25, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 5.
     
  • NH MCLE 1.6
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 95 Minutes.
     
  • NJ CLE 2.0
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.0 hours of total CLE credit.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 2.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 2.0 hours of CLE credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WI CLE 2.0
     
  • This program has been approved by the Board of Bar Examiners for 2.0 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 2.0
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: basic knowledge of general accounting. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for accountants, CPAs, controllers, CFOs, tax managers and officers, presidents, vice presidents, business owners and managers, business analysts, enrolled agents and attorneys.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Kirk A. Hesser, MS

Kirk A. Hesser, MS

Cherry Bekaert

  • Managing director at Cherry Bekaert and serves as the National Leader of the Firm’s Global Transfer Pricing practice
  • With over 25 years of professional experience, he specializes in serving the transfer pricing and international tax needs of the firm’s multinational clients
  • Specific expertise includes transfer planning and savings strategies, global transfer pricing compliance documentation, transfer pricing controversy defense, and partnering with industry and outside legal advisors defending and structuring complex global business transactions
  • Industry background includes implementation of transfer pricing strategies for clients’ products, services and intangibles in the manufacturing, distribution, real estate, technology, transportation and logistics sectors
  • Also serves as a resource for THInc, the firm’s specialty practice that caters to the innovative needs of companies in the technology, health and life sciences, and industrial sectors
  • Prior to joining Cherry Bekaert, he held senior tax director and principal positions within the international tax practices of Big Four and national accounting and consulting firms
  • A well-respected and sought-after speaker on transfer pricing issues
  • M.S. and B.S. degrees in economics, Oklahoma State University
Adriano Suckow, BBA

Adriano Suckow, BBA

Cherry Bekaert

  • Senior Associate at Cherry Bekaert with almost four years of transfer pricing experience
  • Specific expertise includes transfer pricing planning, transfer pricing financial modeling, compliance and implementation of transfer pricing strategies
  • Prior to joining Cherry Bekaert, he was a transfer pricing analyst at Duff & Phelps (now known as Kroll Inc.) and an intern in Mercedes-Benz USA’s Vehicle Distribution and Logistics department
  • B.B.A degree, with an area concentration of Marketing and Strategy & Management Consulting, Emory University’s Goizueta Business School
No photo available

Pamela Whitehead

Cherry Bekaert

  • Manager at Cherry Bekaert and leader of the International Compliance practice within the International Tax Group
  • 20+ years of international tax compliance experience
  • Prior to joining Cherry Bekaert, Pam was at Grant Thornton for 13 years, as well as several of the Big 4 firms prior to her time at GT
  • Expertise includes SubPart F, GILTI, FDII, BEAT, and OFL/ODL studies
  • Has worked closely with her transfer pricing colleagues over the years to ensure that the reporting in the tax return ties to the transfer pricing documentation
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • State Specific Credit Tracker
  • Members Only Newsletter
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 409079
Published 2018, 2021
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