domestic international sales corporations

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7.105 documents for domestic international sales corporations

- 'Active' FSCs (and IC-DISCs) may qualify for double tax benefits.
Foreign sales corporation, interest-charge domestic international sales corporation Permanent tax exemptions are available to US companies that export products through the use of foreign sales corporations (FSCs) and interest-charge domestic international sales corporations (IC-DISCs). Commission-based FSCs are eligible for a 15% permanent exemption in addition to limited taxation of the commissions received by the FSC. Active FSCs may be eligible for 30% permanent exemptions. Profits for IC-DISCs may be exempt up to 100% if the sales corporations are considered active.
- The Tax Adviser
- Vol. 26 Nbr. 9, September 1995
- Expeditious approval of accounting period changes.
The IRS has released revenue procedure 92-13 which shortens to six years the period between changes in C corporation tax years. The new policy also defines a list of types of operations that are ineligible for the shorter waiting period. This list includes S corporations, interest-charge domestic international sales corporations, foreign sales corporations and some passive foreign investment corporations. Changes that are required for the corporation to join a consolidated group do not count against the waiting period.
- The Tax Adviser
- Vol. 23 Nbr. 11, November 1992
- 15 CFR 806.14 - U.S. direct investment abroad.
...Reporter is the fully consolidated U.S. domestic enterprise consisting of (i) the U.S. corporation ...corporation (including Domestic International Sales Corporations) whose voting securities are mo...
- Code of Federal Regulations - Title 15: Commerce and Foreign Trade

- Boeing Co. v. United States, 537 U.S. 437 (2003)
... providing special tax treatment for export sales made by an American manufacturer through a subsidiiary that qualified as a "domestic international sales corporation" (DISC), no tax is...Eustice, Federal Income Taxation of Corporations and Shareholders ~ 17.14 (5th ed. 1987). Whereas a...
- U.S. Supreme Court
- Investing In Qualified Small Business Stock In 2011.
...That is, the issuer was a domestic C corporation and neither it nor any predecessor c... entities (such as domestic international sales corporations, regulated investment companies...
- Mondaq Business Briefing
- Nbr. 2011, January 2011
- Submission for OMB Review; Comment Request
...: Shareholders of Interest Charge Domestic International Sales Corporations (IC-DISCs) use Fo...
- Federal Register Nbr. 76 FR 72034, November 21, 2011
- Notices
- Treasury Department
- Westinghouse Elec. Corp. v. Tully, 466 U.S. 388 (per curiam) (1984)
... tax treatment was provided for a "Domestic International Sales Corporation" ("DISC"), a corpo... The manner in which New York allows corporations a tax credit on the accumulated income of their su...
- U.S. Supreme Court
- Addison International, Inc., Petitioner-Appellant, v. Commissioner of Internal Revenue, Respondent-Appellee., 887 F.2d 660 (6th Cir. 1989)
... International failed to qualify as a Domestic International Sales Corporation under Secs. 991-99... the Michigan statutes governing corporations. Addison International had no other assets and no ...
- Federal Circuits
- The recent growth of mandatory unitary combined reporting.
... of taxable income by multistate corporations filing separate company reports. . Unitary Busines...* Are domestic international sales corporations, foreign sales co...
- The Tax Adviser
- Vol. 41 Nbr. 2, February 2010
- Franchise consultants: supplier forum members.
... and marketing plans, legal documents, sales materials, operations manuals, coaching management... of clients-from multinational corporations to emerging businesses. CALIPER HUMAN STRATEGIES (...'s consultants as well as an international network of consultants, accountants and franchise ... seeking penetration into the Japanese domestic market. Established 1996. FRANCHISE CONSULTING GRO...
- Franchising World
- Vol. 33 Nbr. 7, October 2001