Advanced

Transfer pricing local file outline with functional analysis

Drafts a local file outline including functional analysis, intercompany transactions, and economic analysis placeholders. Useful for TP teams assembling documentation efficiently.

Create a transfer pricing local file outline for {entity_name} for {tax_year}.

Inputs:
- Group structure and entities: {group_structure}
- Intercompany transactions: {ic_transactions}
- Functional analysis inputs (functions/assets/risks): {far_analysis_inputs}
- Pricing policy (markup, TNMM, etc.): {pricing_policy}
- Financial results by entity/segment: {entity_financials}

Output:
1) Local file outline with section-by-section bullets.
2) Functional analysis table (Functions, Assets, Risks) by entity.
3) Transaction summary tables with data fields needed.
4) Economic analysis plan (method selection rationale, comparable search criteria placeholders).
5) Document list to request.

Do not fabricate comparables; focus on structure and requirements.

Related Prompts

Tax
Intermediate

Reasonable Compensation Study for S-Corps

Drafts a justification for S-Corp officer wages to prevent IRS reclassification of distributions.

GPT-4oClaude 3.5 Sonnet
0
0
89
Tax
Intermediate

Sales tax nexus exposure screen and data needs (US-style)

Performs an initial nexus exposure screen using sales by state and activity indicators, and produces a data request list. Useful for SALT teams and growing e-commerce businesses.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
94
Tax
Intermediate

Tax research memo template (issue, facts, analysis, conclusion)

Produces a structured tax research memo with clear issue framing, facts, analysis, and conclusion placeholders. Useful for staff and seniors standardizing technical writing quality.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
93