can you rephrase this: To avoid issues with the IRS when conducting business with overseas subsidiaries, management should prioritize compliance with international tax regulations and adopt proactive measures. Firstly, it is crucial to establish clear transfer pricing policies that adhere to the arm's length principle. This involves conducting thorough transfer pricing analyses and ensuring that intercompany transactions are priced in line with market conditions. Robust documentation should be maintained to support the pricing decisions and demonstrate the economic substance of the transactions. Secondly, staying updated on evolving tax regulations and seeking professional advice is essential. Tax laws and regulations can vary across jurisdictions, so it is crucial to understand the specific tax requirements of each country where the subsidiaries operate. Regular communication and collaboration with tax advisors and experts can help navigate the complexities of international tax compliance. Additionally, implementing strong internal controls and processes to monitor and manage tax risks is vital. This includes maintaining accurate and timely financial records, conducting periodic tax audits, and ensuring compliance with reporting obligations. By prioritizing compliance, adopting proactive measures, and seeking professional guidance, management can mitigate the risks of issues with the IRS and ensure smooth operations when conducting business with overseas subsidiaries