Great analysis by my colleague, Katie Quinn, on New Jersey's request for quotes for transfer pricing consultants.

New Jersey transitioned to combined reporting, why do they anticipate a need for transfer pricing assistance moving forward?

Quinn said the timing of the notice was curious because New Jersey switched to combined reporting, which requires related entities to file one tax return that reflects their income and losses, in 2019. If the division wants to scrutinize transfer pricing studies, that signals that it may not accept a federal transfer pricing review that a taxpayer may have received from the IRS that involved its federal consolidated group, she said.

www.law360.com/...