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.
Specifically, 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, with other caveats, in order to qualify for the tax benefit. Let alliantgroup assist you in maximizing your company's profits through the benefit of newly activated tax incentives, such as the Extraterritorial Income Exclusion.
For further information please
contact David Ji in our Houston office.
