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EIE: Extraterritorial Income Exclusion Consulting
 In September 2000, Congress approved the Extraterritorial Income Exclusion (EIE) Act. This Act provides a government sponsored tax incentive for companies engaging in certain export activities.
The benefits under the EIE regime can be applied to individuals, corporations and partnerships; U.S. companies with net operating losses or companies that are in an alternative minimum tax position; and U.S. companies with income derived from certain products produced outside of the United States.
Who Qualifies for the EIE?
The EIE tax benefits are generally available to any U.S. taxpayer that exports property that is manufactured or produced in the United States. Businesses qualifying for benefits include U.S. manufacturers and producers, as well as U.S. wholesalers and distributors of goods manufactured or produced by others in the United States. Goods may also be manufactured outside the United States, so long as 50 percent or less of the value of the goods is attributable to articles manufactured and produced or grown outside the United States, plus the direct costs of labor performed outside the United States.
How alliantgroup Can Help
Our Services Include:
- Assessment of EIE benefits under specific client circumstances
- Preparation of a detailed report to accurately substantiate EIE benefits identified with emphasis on cost efficiency and minimal disruption to normal business activities
- Assistance with establishing compliance for the EIE benefits
For more information, please click here to contact alliantgroup.
For immediate assistance, contact David Ji.
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