The chart below reflects the PFA issues received, accepted into the program, and closed with an agreement during calendar year 2018. PFAs accepted may have been received in a previous year; those closed in calendar year 2018 were likely accepted in a previous year.
|Section 956 Inclusion||1||1|
|Change in Accounting Method||1||1|
|Foreign Tax Credit||1|
The chart below reflects the processing time for PFAs during each calendar year.
|Average Days in Process||CY 2014||CY 2015||CY 2016*||CY 2017||CY 2018|
|PFA Evaluation Process||384||296||710||531||796|
|Total Processing Time||413||344||803||634||950|
* Two of the five PFAs closed took an average of 172 days in the screening process and 1157 days in the evaluation process.
The chart below reflects the numbers of PFAs received, accepted into the program, and closed with an agreement during calendar year 2018 for each LB&I practice area. PFAs accepted may have been received in a previous year; those closed were likely accepted in a previous year.