Skip to Main Content
 

Law360 Quotes Patricia Lewis on IRS Revamp of APA Program

September 25, 2018, Law360

The Internal Revenue Service has again restructured its advance pricing agreement [APA] function for multinational companies, the agency said in a statement Tuesday, but an IRS official confirmed the reorganization isn’t on the same large scale as a revamp executed in 2011.

. . .

Patricia Lewis of Caplin & Drysdale in Washington, D.C., said the plan to embed economists in the teams is important.

“Under the old arrangement, you’d find someone from the economist group to work with you, but they had a lot of projects going on,” she said. “Now I think they’ll be more engaged with their teams because they’ll see everything the team is working on.”

Lewis saw the management changes as a move to improve efficiency.

“One of the complaints you hear is the time things take,” she said. “You need to have strong managers making sure people are staying on schedule. I think that’s been a weak link in the past.”

For the full article, please visit Law360’s website (subscription required).

Excerpt taken from the article “IRS Revamps APA Program, But Not As Drastically As In 2011” by Molly Moses for Law360.

________________________________________________

About Caplin & Drysdale
Having celebrated our 50th Anniversary in 2014, Caplin & Drysdale continues to be a leading provider of legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.

The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills -- combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment -- make us one the nation's most distinctive law firms.

With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:
For more information, please visit us at www.caplindrysdale.com.
Washington, DC Office:
One Thomas Circle NW
Suite 1100
Washington, DC 20005
202.862.5000
New York, NY Office:
600 Lexington Avenue
21st Floor
New York, NY 10022
212.379.6000

___________________________

Disclaimer
This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.

Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.
© 2019 Caplin & Drysdale, Chartered
All Rights Reserved.

Related Professionals

Related Practice Area(s)