Section 482 Is Used by the U

question 38

Multiple Choice

Section 482 is used by the U.S. Treasury to:

• A) Force taxpayers to use arms length transfer pricing on transactions between related parties.
• B) Reallocate income, deductions, etc., to a related taxpayer to minimize tax liability.
• C) Increase information that is reported about U.S. corporations with non-U.S. owners.
• D) All of these.
• E) None of these.

---

Definitions:

Tech Support Department

A functional division within a company that provides technical assistance and support services to its customers or users.

Customer Cost Analysis

An evaluation technique to determine the total cost incurred by a business to produce, sell, and distribute a product to a specific customer.

Total Cost Assigned

The aggregate cost allocated to a specific product, job, or project, including direct and indirect costs.

Time-Driven Activity-Based Costing

An accounting method that assigns costs to products or services based on the time required for each activity involved in production or service delivery.