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IRS Pleased With Results Of Advance Pricing Agreement Program.

OCT. 21, 1996

IRS Pleased With Results Of Advance Pricing Agreement Program.

DATED OCT. 21, 1996
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The IRS has announced that it is "very pleased" with the results of the advance pricing agreement (APA) program for the fiscal year. In 1996, the IRS completed 31 APAs compared to 22 APAs in 1995 -- a 40 percent increase. The increase in completed APAs, according to IRS Commissioner Margaret Miliner Richardson, is "directly attributable to a high degree of commitment to alternative dispute resolution (ADR)." She states that the results demonstrate that ADR can work in even the most difficult and highly contentious cases. A total of 72 APAs have been completed since the program began and there are 142 APAs pending as of September 30, 1996.

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ADVANCE PRICING AGREEMENTS

(update a/o 9/30/96)

- 142 APAs are pending at various stages of development.

- 21 APA requests were received this calendar quarter.

- 8 APAs were completed this quarter.

- 72 APAs have been completed since the program began.

- The 31 APAs completed during FY-96 set a record number for

 

a fiscal year, surpassing FY-95's total of 22.

"We're very pleased with the fiscal year results of the APA

 

Program, with a 40 percent increase over last year's total of

 

completed APAs, which was itself a substantial increase. This success

 

is directly attributable to a high degree of commitment to

 

alternative dispute resolution (ADR) on the part of both the Chief

 

Counsel and myself and demonstrates that ADR can work very well, even

 

when the most difficult and highly contentious cases are at stake."

- IRS Commissioner Margaret Milner

 

Richardson

 

IRS Media Relations Staff

 

Washington, DC
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