Services
IC-DISC Export Incentives
Enacted in 1984 as a deferral mechanism for small exporters, today's Interest-Charge DISC gives exporters a permanent tax savings resulting from a reduction in the tax rate on qualified dividends.
The firm’s professionals led the export incentives practices at 3 of the 4 largest global accounting firms and provide comprehensive IC-DISC services from entity creation through maximization of available tax savings.
Maximizing Tax Savings
Maximizing tax savings involve three distinct aspects:
- Identifying all qualified export gross receipts;
- Expense Apportionment Methodology (861-8); and
- Transaction-by-transaction analysis.
USTA professionals employ powerful tools to maximize the tax savings available under the administrative pricing rules designed by the U.S. Congress—including transactional analysis. The firm delivers a complete and detailed audit trail from the client’s books and records through the preparation of IRS Form-1120 DISC.
Comprehensive Implementation
USTA handles all aspects of forming and managing the IC-DISC, from inception through maximization of tax savings, including:
- Assistance in choosing an optimal holding structure;
- Organizing a corporation;
- Providing board resolutions and DISC export agreements to document the DISC activities; and
- Annual Management and Accounting Services.
USTA’s professionals assist clients in using these and other planning solutions to best meet their tax needs.