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REPLACEMENTS FOR IRA-OWNED FSC
In order to recreate the IRA benefits that
you enjoyed prior to the repeal of FSCs, we had national legal and
accounting experts review and comment upon our new ideas. The result
was that Export Assist:
- sponsored legislation that created
a new U.S. Virgin Islands Export Corporation (VIEXCO) that
can provide you with the same, or
greater, tax saving benefits paid to your IRA
- obtained an opinion
letter from a leading law firm that endorses these tax-advantaged
vehicles
- developed a new, approved documentation package
to implement the process.
Using the U.S.
Virgin Islands Export Corporation (VIEXCO), you can now choose
from two IRA-owned tax-advantaged solutions which can
provide tax-deferred benefits for the majority of your taxable export
income:
- the VIEXCO owned by the privately-held corporation
shareholders’ IRA
- the VIEXCO owned indirectly
as a subsidiary (USVI FISC) of an Interest Charge Domestic International
Sales Corporation
(IC-DISC) owned by the
shareholders’ IRA.
In order to determine the extent to which
your corporation will be able to benefit, Export Assist will do a
FREE EXPORT TAX ADVANTAGE® Analysis
and Report for you. To proceed, please click on the corporate
structure applicable to your company:
You will be asked to complete an EXPORT TAX
ADVANTAGE®> Inquiry Form which will supply us with sufficient, confidential
information
to
work with you and/or your tax advisor in the preparation of
this FREE Report. Upon completion of the inquiry form, please return
it to Export Assist with the requested documents as specified
in the
instructions. There is no obligation.
If you have any questions, please
contact Ms. Tamara Crews, Vice President – Professional Markets,
directly at 800-894-8366 or tcrews@exportassist.com.
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