Transfer pricing is the number one tax issue for multinationals, but many companies struggle to address the requirements of the IRS and many other countries. This practically-focused seminar will include a review of transfer pricing fundamentals along with best practices for assessing common issues. This program first analyzes where transfer pricing issues arise for non-transfer pricing practitioners, then looks into transfer pricing fundamentals. CPA advisors and in-house finance professionals will benefit from learning about time-tested strategies successfully applied in transfer pricing audits. Participants will also be provided with an overview on how transfer pricing can affect global effective tax rates, and the impact of TCJA provisions on transfer pricing.
Alex Martin is the Principal and Transfer Pricing Practice leader at KBKG. He has 22 years of full-time transfer pricing experience working in Washington, D.C.; Melbourne, Australia; and Detroit, Michigan throughout his career. Alex has assisted companies in many industries addressing transfer pricing issues on a US and global basis.
As a transfer pricing economist, Alex worked for a Big-4 firm for 12 years as a director, a top middle-market focused firm for six years as a principal, and four years as president of an independent transfer pricing consultancy. While at the Big-4 firm, he received a Chairman’s Award and Coach of the Year recognition for building a Detroit transfer pricing practice. Before joining KBKG, Alex's transfer pricing team was named one of the world's leading transfer pricing consultancies by the International Tax Review for three years in a row.
In addition to working with many top US and global multinational companies, Alex has extensive experience complementing the services provided by leading accounting firms. His transfer pricing practice was featured in Accounting Today for an innovative approach to partnering with professional service firms. He is well-known for building in-house expertise based upon his experience developing a Big-4 firm’s transfer pricing training program.
Alex is best known for developing practical solutions for complicated transfer pricing issues, and he has published numerous articles based upon his time-tested transfer pricing strategies. He continues to be a sought-after transfer pricing speaker for CPA firms and other professional service firm networks.
Patrick McCormick is an attorney with over a dozen years of experience, focusing his practice specifically on international taxation. Mr. McCormick represents both business and individual clients on all aspects of United States international tax rules, both from an income tax and estate/gift tax perspective. Having previously served as a partner at a large law firm, a midsized accounting firm, and a boutique tax law firm, Patrick’s client exposures have covered every conceivable area of American-side international tax matters. Patrick has also represented every type of taxpayer – from multibillion-dollar business enterprises and ultra-high net worth individuals to startups and individuals with complex questions but limited budgets.
Mr. McCormick has worked with clients located in over 90 countries on American tax considerations of multinational activities, cultivating specialized knowledge in every area of United States international tax rules. His explicit practice focus has facilitated an unparalleled expertise in the field; Patrick is trusted by clients and advisors around the world to obtain optimal results on international tax matters.
Mr. McCormick is a primary and prolific authority on tax matters. He has spoken on all aspects of international tax to hundreds of thousands of attendees around the globe, functioning as the primary international tax resource for national organizations including CPAacademy.org, Strafford, Lawline, and Leimberg Information Services. Patrick has presented for the American Bar Association, the American Immigration Law Association, and state and local bar associations around the United States. He is a regular contributor to America’s premier tax law publications, including Tax Notes, Journal of Taxation, Tax Notes International, Law360, and Practical Tax Lawyer.
Mr. McCormick published his first treatise on international tax matters, Allocation and Apportionment Rules Under Secs. 861-865, for Thomson Reuters’ Catalyst platform, in October 2021. In late 2021, he also released a 15-hour digital course entirely dedicated to nonresident taxation, United States Tax Considerations for Nonresident Taxpayers. Mr. McCormick has been named a Super Lawyers Rising Star from 2016-2022.