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Your client, a public corporation, has received a Revenue Agents Report (RAR) from the IRS proposing a significant income tax liability relating to a transfer

Your client, a public corporation, has received a Revenue Agents Report (RAR) from the IRS proposing a significant income tax liability relating to a transfer pricing issue. A) Briefly discuss the purpose of the RAR and options available to your client. B) What factors should your client consider before taking action?

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