APA renewal definition
APA renewal. A request for renewal of an APA follows the same procedure as an initial APA request. An abbreviated APA request might be appropriate if the taxpayer can establish to APMA’s satisfaction that the applicable law, facts and circumstances, economic conditions, proposed Covered Issue(s) and Method(s), and other relevant factors surrounding the current APA are reasonably expected to be substantially the same as those in the proposed renewal APA years (Rev. Proc. 2015-41, Sec 8.01).
Examples of APA renewal in a sentence
The anticipated term of this agreement will be until the following APA renewal period, set at March 31st.