With headquarters in San Francisco and offices in Nevada, St. Thomas (USVI), Bermuda and Barbados, we are able to effectively serve your export finance needs and help you to reduce costs, increase cash flow and enhance your export tax savings.

Receive ongoing export tax benefits NOW with the help of Export Assist. Based upon Federal regulations, U.S. exporters can receive dividends on or defer from taxation a portion of their export income using the INTEREST CHARGE DOMESTIC INTERNATIONAL SALES CORPORATION (IC-DISC). The IC-DISC, a domestic U.S. corporation, is the only 100% safe harbor export tax benefit available. It encourages export activity by allowing tax deferral within the IC-DISC or tax reduction on IC-DISC dividends paid to shareholders. IC-DISC benefits could include increased cash flow, greater tax savings, lower effective tax rate, increased profits, and avoidance of double taxation on export income. The IC-DISC can be especially attractive to both private and public corporations when it is used to factor export invoices.

To determine IC-DISC benefits, Export Assist will prepare a FREE IC-DISC Tax Benefit Report for you. It’s easy. Just complete the IC-DISC Inquiry Form and send it to us. Export tax benefits only begin upon incorporation, so act now!  Contact Tamara Crews, VP - Professional Markets, at 800-894-8366 or tcrews@exportassist.com for more information.

Export Assist performs turnkey IC-DISC incorporation, implementation, general accounting and ongoing management services, thereby helping to ensure compliance. And, we work closely with tax professionals to help with IRS Form 1120 IC-DISC and schedules for the IC-DISC tax filing. Let us do the work so you can receive the benefits.

LEGISLATIVE UPDATE:

15% IC-DISC Dividend Tax Rate Remains

Now that Section 8, which proposed repealing the 15% dividend tax rate for the IC-DISC, has been dropped from the Tax Technical Corrections package attached to HR 3997, you can better plan how your company or clients can receive export tax benefits in 2008. Although we never know what the government might do in the coming year regarding this favorable tax rate, you should consider moving forward and opening an IC-DISC in order not to loose any export tax benefits. Even without the 15% dividend tax rate, the IC-DISC continues to offer excellent deferral opportunities as it has for the past 35 years.

To receive a confidential FREE IC-DISC Tax Benefit Report, please complete our online IC-DISC Inquiry Form and send it to us. Upon receipt, we will prepare your report within 3 to 4 days. Please note that our IC-DISC implementation and annual management fee is a flat fee, not a progressive fee. Clients are only charged for services performed.

Since benefits only begin upon incorporation, act now! Should you have any questions, please contact Tamara Crews, Vice President - Professional Markets, at tcrews@exportassist.com or 800-894-8366 (toll free). We look forward to working with you.

Export Assist and the American Institute
of Certified Public Accountants (AICPA) are
presenting IC-DISC seminars in 2007.

Learn how to structure an IC-DISC to maximize your export tax benefits and revenue at this intensive, interactive event created expressly for financial and tax professionals involved with U.S. exporters. Since 1972, the IC-DISC has helped exporters save billions of dollars, enabling them to meet both corporate goals and shareholder objectives, such as increased cash dividends, increased cash flow and reduced taxable base. This makes the IC-DISC a critical part of the corporate tax plan. Recommended CPE Credit: up to 9.0 (main).