Who Needs Export Tax Services?
Any business that has export revenue that exceeds one million dollars annually. AmCorp Management experts can provide a complete export tax management system, from the creation of your individual program to compliance and management services. With the repeal of the Extraterritorial Income Exclusion (“ETI”), the only option available for exporters to obtain tax benefits is through the Interest Charge-Domestic International Sales Corporation (“IC-DISC”).; What Is An IC-DISC? The IC-DISC is a sales corporation set up on behalf of the primary exporting company and acts as its sales agent. The sales agent (IC-DISC) earns a commission based on the export sales of its related supplier, using a detailed in a commission agreement between the primary exporting company and the IC-DISC. The primary exporting company receives a tax deduction for the commissions paid to its sales agent (IC-DISC), and due to the rules established by the Internal Revenue Code, the IC-DISC does not pay federal income t
