Section 482 of the Internal Revenue Code gives the IRS the authority to apportion or allocate gross income, deductions, or credits between/among related parties to correct anyperceived distortion resulting from unrealistic prices charged by members of the group to each other for goods or services.

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Section 482 of the Internal Revenue Code does give the IRS the authority to apportion or allocate gross income, deductions, or credits between/among related parties to correct any perceived distortion resulting from unrealistic prices charged by members of the group to each other for goods or services.

Section 482 of the Internal Revenue Code Gives the IRS