Educational Course Credit — Up to 16 CPE / CLE Credits Available
U.S. Transfer Pricing Primer
June 5 & 6, 2013
Cosmos Club, Washington, DC
Chairperson: Klaus Oehring, UHY Advisors LLC, Houston
Wednesday, June 5, 2013
7:30 am Registration and Continental Breakfast
8:30 am Conference Welcome and BNA Introduction
8:45 am Overview of Transfer Pricing
Klaus Oehring, UHY Advisors LLC, Houston, TX
Module #1 Plenary Session
9:00 am Analyzing the Intercompany Transfers of Tangible Property
- Available methodologies
- How to determine when transactional methods are more reliable
than profit based methods
- Types of manufacturers
- Types of distributors
- Examples of common intercompany transactions involving sales
of tangible property
David Fijol, PricewaterhouseCoopers LLP, Chicago, IL
Collin Imhof, PricewaterhouseCoopers LLP, Washington, DC
10:30 am Refreshment Break
Module #2 Plenary Session
10:45 am Analyzing Intercompany Services
- Available methodologies
- When you must impute a profit or mark-up on service costs
- Treatment of stewardship or other non-chargeable functions
- Types of service providers
- Examples of analyzing common intercompany services transactions
Eric Torrey, Baker & McKenzie, Washington, DC
Amanda Worcester, Baker & McKenzie, Washington, DC
12:15 pm LUNCHEON & Keynote Address
Module #3 Plenary Session (Part A & Part B)
Part A
1:45 pm Analyzing the Intercompany Transfers of Intangible Property
- How intangible property is defined – interrelationship with
Secs. 197 and 367(d) – who is the legal owner?
- Available methodologies
- Examples of analyzing common intercompany transactions
involving intangible property
Joseph “Jud” B. Jenkins, Baker & McKenzie, Washington, DC
Summer Austin, Baker & McKenzie, Washington, DC
Part B
3:00 pm Cost Sharing Regulations
- Available methodologies
- What costs are included and who are qualified participants
Ivan Morales, Baker & McKenzie, Palo Alto, CA
Sri Nagarajan, Baker & McKenzie, Palo Alto, CA
3:45 pm Refreshment Break
Module #4 Plenary Sessions
4:00 pm Analyzing Intercompany Financial Transactions
- Available methodologies
- How to benchmark intercompany loans, guarantees, cash pooling arrangements and other intercompany financial transactions
- Examples of analyzing common intercompany financial transactions
Sayantani Ghose, Ernst & Young LLP, New York, NY
Stan Hales, Ernst & Young LLP, San Francisco, CA
Module #5 Plenary Sessions
5:00 pm Compliance & Penalties
- Reporting intercompany transactions on Forms 5471, 5472, 8858, 8865
- Section 6662(e) Transfer Pricing Penalties
- Contemporaneous Documentation Requirements
Klaus Oehring, UHY Advisors LLC, Houston
6:00 pm Meeting Ends for the Day
Thursday, June 6, 2013
7:15 am Continental Breakfast
Workshops Lead by:
Klaus Oehring, UHY Advisors LLC, Houston, TX
Workshop Session #1
8:00 am Preparing a Transfer Pricing Study
- Satisfying the rules for contemporaneous transfer pricing documentation
- Financial analysis
- Risk-function analysis
- Economic analysis
- Determining the tested party
10:00 am Refreshment Break
Workshop Session #2
10:15 am Practical Approaches to Most Common Transfer Pricing Documentations
- Practical solutions to common transfer pricing issues – Examples
- Drafting a transfer pricing report
- Comparison of U.S. transfer pricing rules to OECD Transfer Pricing Guidelines
12:30 pm LUNCHEON – with IRS Keynote address
Module #5 Plenary Session
2:00 pm Handling IRS Transfer Pricing Controversies
- Verifying or measuring estimated transfer pricing charges
– budget v. actual – making compensating adjustments
- Who handles the audit? What will the IRS ask for on audit
- Dealing with Appeals and IRS counsel
- The APA alternative: Negotiating a successful APA
- Deciding whether Competent Authority is the right path
Mark R. Martin, McDermott Will & Emery, Houston, TX
3:45 pm Meeting Ends