IRS Still Assessing Information on Uncertain Tax Positions, Maloy Says

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IRS is continuing to carefully assess the information it is receiving through its uncertain tax positions reporting initiative, with transfer pricing a significant part of that mix, a senior agency official says. IRS expects to receive a larger wave of information in coming months as companies of $50 million and more are required to report their uncertain positions to the government in 2012, says IRS Large Business & International Division Commissioner Heather Maloy. Speaking at an OECD international tax conference, Maloy says it is “early” in the process of analyzing the information coming in.