Pre-Filing Agreement Program Statistics - Calendar Year 2007
The chart below shows the issues received, accepted into the program, and closed with an agreement during calendar year 2007.
|
Issue |
Received |
Accepted |
Closed |
|
Worthless Stock |
3 |
3 |
3 |
|
IRC 41, Research Credit |
7 |
3 |
4 |
|
IRC 199, Domestic Production |
1 |
1 |
1 |
|
Cost Segregation Study |
1 |
1 |
2 |
|
Gain/Loss on Sale/Exchange of Property/Stock |
3 |
5 |
3 |
|
Disposition of Subsidiary |
1 |
|
1 |
|
Valuation of Property for Rehab Credit |
|
|
1 |
|
Loss on Seized Assets |
|
|
1 |
|
Deductibility of Settlement Payments |
|
|
1 |
|
Deductibility of Parachute Payments |
1 |
1 |
|
|
Permanent Establishment |
|
|
1 |
|
Withholding & Reporting FICA, Interest, Dividends |
2 |
1 |
|
|
Apportionment of General and Admin Expenses |
|
|
1 |
|
Debt Issues |
|
|
1 |
|
Buyout and IPO Issues |
1 |
1 |
|
|
Character of Loss |
2 |
1 |
|
|
Depreciation |
2 |
1 |
|
|
Built in Gain from Acquisition/Sale |
2 |
1 |
|
|
Deduction for Prior Year Expenses |
1 |
|
|
|
Substantiation Required for Tax Deduction |
1 |
1 |
|
|
Income Exclusion for Sales |
1 |
|
|
The chart below shows the processing time for PFAs during each calendar year, since the program’s inception.
|
Average Processing Time (Days) |
Pilot
|
CY 2001
|
CY 2002
|
CY 2003
|
CY 2004 |
CY 2005 |
CY 2006 |
CY 2007 |
|
Application Screening Process |
38 |
47 |
53 |
59 |
76 |
48 |
55 |
53 |
|
PFA Evaluation Process |
242 |
126 |
183 |
240 |
285 |
224 |
292 |
340 |
|
Total Time to Complete a PFA |
281 |
173 |
235 |
299 |
360 |
273 |
347 |
393 |
The chart below shows the numbers of PFAs received, accepted into the program, and closed with an agreement during calendar year 2007 for each industry.
|
CY2007 |
Received |
Accepted |
Closed |
|
CTM |
7 |
7 |
5 |
|
F |
6 |
2 |
3 |
|
HMT |
7 |
5 |
4 |
|
NRC |
5 |
4 |
4 |
|
RFPH |
4 |
2 |
4 |
|
Total |
29 |
20 |
20 |
The chart below shows the number of PFAs received, accepted in to the program, and closed with an agreement during each calendar year since the program’s inception.
|
|
Received |
Accepted |
Closed with Agreement |
|
CY 2000 |
19 |
12 |
7 |
|
CY 2001 |
26 |
18 |
5 |
|
CY 2002 |
44 |
25 |
12 |
|
CY 2003 |
42 |
29 |
18 |
|
CY 2004 |
38 |
22 |
27 |
|
CY 2005 |
53 |
29 |
19 |
|
CY 2006 |
46 |
37 |
27 |
|
CY 2007 |
29 |
20 |
20 |
|
Total |
297 |
192 |
135 |
