Pre-Filing Agreement Program Statistics Calendar Year 2016

The chart below reflects the PFA issues received, accepted into the program, and closed with an agreement during calendar year 2016.  PFAs accepted may have been received in a previous year; those closed in calendar year 2016 were likely accepted in a previous year.

PFA Issues Received, Accepted and Closed in FY 2016
Issue Received Accepted  Closed 
Worthless Stock/Bad Debt Deduction     2
IRC 41, Research Credit 8 7 1
Cost Segregation Study & Depreciation/Depletion 1 1  
Gain/Loss on Sale/Exchange of Property/Stock 4 2  
Deductibility of Settlement/Fine Payments 2 3  
Income Issues on Assuming Payment Obligations 1    
Valuation of Stock Exchanged in a Recapitalization 1 1  
Medical Device Excise Tax     2
New Markets Credit 1    
Cancellation of Indebtedness 1 1  
Classification of Disregarded Entities 1 1  

 


 

The chart below reflects the processing time for PFAs during each calendar year.

PFA Processing Time by Calendar Year
Average Days in Process CY 2012 CY 2013 CY 2014 CY 2015 CY 2016*
Screening Process 50 67 29 48 93
PFA Evaluation Process 342 348 384 296 710
Total Processing Time 392 415 413 344 803

* 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 2016 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.

PFAs by LB&I Practice Area - Calendar Year 2016
CY 2016 Received Accepted   Closed 
Central      
Eastern 5 3  
Northeastern 9 8 2
Western 6 5 3
Cost Total 20 16 5

 



The chart below reflects the number of PFAs received, accepted in to the program, and closed with an agreement during each calendar year since the program’s inception.  PFAs accepted may have been received in a previous year; those closed in calendar year 2016 were likely accepted in a previous year.

PFAs Received, Accepted and Closed Since the Program's Inception
  Received Accepted Closed with
Agreement
CY 2000 through 2011 419 279 204
CY 2012 33 12 10
CY 2013 38 35 22
CY 2014 23 11 19
CY 2015 17 12 13
CY 2016 20 16 5
Total 550 365 273