US IRS releases agent training materials on property sales to related parties that include associated intangibles or services

The US IRS on September 9 made public training materials designed to assist agents in determining if a taxpayer has shifted income outside of the US in a sale of tangible goods to related parties by failing to properly take into account associated intangibles or services.

The training materials are not official tax guidance; rather, they are intended to provide IRS staff with explanations of general international tax concepts and transactions.

See:

• Accounting for Intangibles and Services Associated with the Sale of Tangible Property – Outbound