Section 482 Is Used by the Treasury To

question 78

Multiple Choice

Section 482 is used by the 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 the above.
• E) None of the above.

---

Definitions:

English Government

The system of political governance in England, characterized by a constitutional monarchy and a parliamentary democracy.

Buffer

An entity or zone that lies between two or more areas (often countries) and serves to mitigate or prevent direct conflict between them.

Rice Plantations

Large agricultural estates specifically designed for the cultivation of rice, historically significant in the American South where they were worked by enslaved African Americans.

South Carolina

A state located in the southeastern region of the United States, known for its historical significance in the American Civil War and as the site of the first battles.