Foreign Sales Corporation

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Foreign Sales Corporation (FSC)

A special type of corporation created by the Tax Reform Act of 1984 that is designed to provide a tax incentive for exporting U.S.-produced goods.

An exporting corporation in the United States. Exporters may register as foreign sales corporations in order to receive certain tax advantages. Foreign sales corporations must have an office in a country with an exchange of information agreement with the United States and have at least one member of the board of directors residing in that country. This structure was created by the Tax Reform Act of 1984, and was formerly called a Domestic International Sales Corporation.

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Administrative Pricing Rules Domestic International Sales Corporation Form 1120-FSC Form 1120-FSC (Schedule P) FSC Inst 1120-FSC			In a case on appeal before the Sixth Circuit, household consumer goods manufacturer Procter & Gamble (P&G) and a related entity claim a refund of taxes paid on a foreign sales corporation (FSC) advance payment transaction (APT). P&G appeals deduction denial by Wells, Jean T. / Journal of Accountancy law that allowed foreign sales corporations (FSCs) to benefit from export subsidies totaling more than $4 billion yearly since 2000. EU customs duties lifted by Recycling Today corporate tax breaks to exporters under the Foreign Sales Corporation (FSC) law, and its successor regime, the Extraterritorial Income Act (ETI). USTR urges EU to lift sanctions over imports from the United States by Food & Drink Weekly			Foreign Currency Option Foreign Currency Translation Foreign Debt Foreign Direct Investment Foreign Equity Market Foreign Exchange Foreign Exchange Broker Foreign Exchange Control Act Foreign Exchange Controls Foreign Exchange Dealer Foreign Exchange Market Foreign Exchange Rate Foreign Exchange Risk Foreign Exchange Swap Foreign holdings foreign investment in real estate Foreign Investment in Real Property Tax Act Foreign Investment Risk Matrix foreign judgment Foreign Market Foreign Market Beta Foreign Official Institutions Foreign Plan Foreign public borrower Foreign Restricted List Foreign Sales Corporation Foreign Tax Credit Foreign Tax Credit or Deduction Foreign-Source Income Foreign-Targeted Issue Foreigner Forensic Accountant Forensic Accounting Forex Forfaiter Forfaiting Forfeiting forfeiture Forfetizacion Forfinjaan Ahwa forgery Forint Form 10-K Form 10-Q Form 1000 Form 1023 Form 1024 Form 1028 Form 1040 (PR) Form 1040 (PR) (Anejo H-PR) Form 1040 (Schedule C)			Foreign Prisoner Support Service Foreign Private Issuer Foreign Procedural Interface Foreign Procurement Department Foreign public borrower Foreign Publication Procurement Program Foreign Purchase Acknowledge Statements Foreign Purchase Acknowledgement Statements Foreign Rations Not Available Foreign Registered Agent Foreign Relations Authorization Act Foreign relations of Anguilla Foreign relations of Anguilla Foreign relations of Anguilla Foreign relations of Bermuda Foreign relations of Bermuda Foreign relations of New Caledonia Foreign relations of New Caledonia Foreign relations of Rhodesia Foreign relations of Rhodesia Foreign relations of the Paracel Islands Foreign relations of the United States Foreign Remaining on Board Foreign Researcher Invitation Program Foreign Resident Withholding Foreign Resident Withholding Variation Foreign Restricted List Foreign Sales Agent Foreign Sales Corporation Foreign Sales Corporation and Extraterritorial Income Exclusion Foreign Sales Corporations Foreign Science & Technology Center Foreign Sea Duty Foreign Secretaries Foreign Secretary Foreign Separate Rations foreign serum foreign serum foreign serum Foreign Service Foreign Service Foreign Service Foreign Service Allowances Foreign Service Assignment Notebook Foreign Service Availability Foreign Service Credits Foreign Service Dispatch Foreign Service Employee Foreign Service Grievance Board Foreign Service Health Practitioner Foreign Service Institute Foreign Service Institute - National Foreign Affairs Training Center Foreign Service National Foreign Service Nurse Practitioner Foreign Service Officer Foreign Service Officer Test Foreign Service Oral Assessment

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