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Domestic International Sales Corporations

We can help you establish a Domestic International Sales Corporation (DISC). You will qualify if you directly or indirectly export goods or services. Tax savings can be substantial. Minimum requirements for any DISC would include at least $500,000 in profitable export sales.

If you already have a DISC in place, our analysis of the benefit calculation is typically able to fine-tune your reporting to maximize your tax benefits. The DISC maximization service can often be rendered on a contingency basis. 

Domestic Taxation

We can help in many areas of personal and business taxation including:

Personal

Business

IRAs
Dependent Exemptions
Eligible Deductions
Alternative Minimum Tax
Charitable Contributions
Retirement Plan
Contributions
Suspended Losses
Tax Basis
Home Office Deduction
Investment Interest
Home Mortgage Points
Involuntary Conversion
Foreign Trusts
Tax Exempt Interest
Installment Sales
Sale of Residence
Lump Sum Distributions
At Risk Limitations
Passive Activities
Self-Employment Income
Scholarship Taxability
Personal Use of Automobiles
Deductible Mortgage Interest
Casualty Gains and Losses
Vacation Home Deduction
Child Care Credits
Farm Activities
Foreign Tax Credit
Divorce Taxation
Gift Tax
Tax-free Interest
Small Business Taxation
Acceleration of Depreciation
R&D Credits
Job tax Credits
Retirement Plan Contributions
S Corporation Loans
Business Use of Automobiles
Vacation Pay Deduction
Meals Deductions
Entertainment
Repairs and Maintenance
Club Dues
Lobbying
R&D Tax Credits
Fuel Tax
Low Income Housing
Disabled Access
Work Opportunity Tax Credits
Net Operating Loss Carryback
Accounting Methods
Selection of Year End
Deferred Income
Prepaid Income
Charitable Contribution Limits
Life Insurance Deductibility
Alternative Minimum Tax
Organization Expenses
Personal Service Corporation
LIFO Inventory Deduction

 

International Tax Services

We offer services specifically tailored to meet our client’s international business needs. These services include tax advice for inbound foreign investments, including structuring and ownership of U.S. entities, as well as outbound investments in foreign countries. We also offer foreign tax credit planning, export assistance, especially FSC and DISC services as described above, customs duty minimization, transfer pricing consulting, international executive tax planning (inbound and expatriate) and foreign trade zone utilization (including Sub-zone application) for your business. We aim to minimize your worldwide taxes!

State and Local Taxes

State and local taxes increasingly account for a greater portion of the total tax burden for many companies. We expect this trend to continue due to state budgetary challenges and increased demand for services. We provide services in State Tax Minimization, Income Tax Nexus Planning, and Business, Professional and Occupational License Tax Exposure Review (BPOL).Our State Tax Minimization services include adopting a multi-state filing position such that less than 100% of income is subject to state taxation. We helped a manufacturing company save over $200,000 in annual income tax with this service. Our Income Tax Nexus Planning service evaluates your business activities and determines your exposure to states in which you are not filing and assists you in filing to do business in states that you have nexus. Finally, our BPOL tax review minimizes tax exposure by ensuring proper taxpayer classification and exclusion of non-tax receipts.            

 

Tax Transaction Planning

Taxes can be one of the largest expenses you face, and planning for them is vital to your financial success. Without proper management, taxes can reduce your profits and rapidly erode your wealth. We can help you manage all aspects of taxes and keep them to a minimum. We can advise you on the tax effects of all your personal or business transactions, including buying a home, buying or selling a business, transferring a business to family members, and making personal investments. In addition, we provide assistance with estate planning, employee benefits plans, and international tax planning.

When called on in advance of any transaction, we can reveal often-startling tax consequences and can help you develop alternative strategies. You receive the benefit of our in-depth knowledge of the ever-changing tax laws, as well as the broad experience of all our partners and staff.

 

For more information about these services, please contact:

 

Fulton Galer: fgaler@mcleodco.com

John Christopher: jchristopher@mcleodco.com

or see Contact Us for complete contact information.

 


 
Hot Items

Business Tax Review - This program is a fast, no-risk, contingent fee service designed to seek out missed tax savings and maximize all available exclusions on your company’s 1120 return. Basically, we are providing a free, objective look at your returns for all open years with the goal of getting your business a refund.





 
 
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