The Knowledge Congress Has Scheduled a Live Webinar on Understanding New IRS Rules That Restrict Profits Sent Overseas

Jersey City, NJ, April 02, 2009 --(PR.com)-- Multinational corporations are subject to transfer pricing regulations under Section 482 of the tax code that are intended to ensure that companies do business with their related foreign entities at “arm’s length,” and that taxes paid in each country are commensurate with the income the company realizes in that jurisdiction. The IRS issued new rules for cost sharing arrangements in December 2008, and companies now are faced with interpreting the new requirements to make sure they are reporting the correct proportion of their profits on their U.S. tax returns. Their decisions are particularly important considering a provision of the new rules that allows the IRS to invalidate a cost sharing arrangement if it doesn’t agree.

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help companies understand the new regulations. The speakers will share their expert opinions in a two-hour Live Webcast.

Speakers/Faculty Panel

Alan Shapiro, Partner, Global Transfer Pricing, Deloitte Tax LLP

E. Miller Williams, Jr., Partner/Principal – National Transfer Pricing, Ernst & Young LLP

For updated list of the faculty panel, please visit:

http://www.knowledgecongress.org/event_2009_understandingIRS.html

About The Knowledge Congress

The Knowledge Group/Knowledge Congress Live Webcast Series is an organization that produces webinars that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webinars that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”

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