Export Tax Management (ETM) is a premier professional services firm in the United States dedicated to the IC-DISC.
Our IC-DISC services include:
IC-DISC Incorporation and Corporate Structuring:
- Gather understanding of your business and products that qualify for IC-DISC benefits.
- Incorporate and structure your IC-DISC to provide the maximum federal tax savings while remaining non-invasive to your daily operations.
- Analyze quarterly and semi-annual estimated IC-DISC tax savings to realize immediate tax savings.
- Monitor and evaluate your IC-DISC structure to ensure IC-DISC is in full compliance in areas such as qualification of export sales, timing of commission payments and dividends and other required IRS filings.
Annual IC-DISC Compliance:
- Prepare IRS Form 1120-IC-DISC returns and all related schedules for timely and accurate filing with the Internal Revenue Service.
Transaction-by-Transaction Optimization using ETM’s proprietary software application:
- Utilize all Intercompany Pricing methods such as product and product-line marginal costing, special no-loss rules, loss optimization as well as all other methods to ensure that you receive the greatest federal income tax savings from your IC-DISC.
- Compile all necessary IRS Schedules P (http://www.irs.gov/pub/irs-pdf/f1120idp.pdf) for each IC-DISC qualified transaction, which are required by the Internal Revenue Service for a complete filing of annual IRS Form 1120-IC-DISC.
- Provide the most comprehensive documentation and analysis available so you and your tax counsel fully understand the IC-DISC process as well as the results.
IRS and State Taxation Authorities Examination Representation:
- Represent you throughout any audit and/or examination process up to and including the appeals process.
- Prepare all documentation for response to Information Document Requests (“IDRs”) and other requests from taxation authorities.
Due Diligence and redetermination of tax savings for previously filed IC-DISCS:
- Assess the potential benefit of amending a previously filed IC-DISC.
- Compile Amended Form 1120 IC-DISC and all supporting schedules.
Please contact us about a free assessment of potential savings for an existing IC-DISC or the implementation of a new IC-DISC structure.