IRS Releases New Forms For Claiming Extraterritorial Income Exclusion

Exporters Are Hopeful That New ETI Provisions Will Withstand Challenge

About QSM

QSM is a leading provider of U.S. tax-oriented structures and transactions. Our focus is on FSC and ETI structures for exporters, trade associations and cooperatives.

Quail Street Management Limited (QSM) is a subsidiary of Western Growers Association, a leading trade association serving the fresh produce industry (http://www.quailstreet.com).

Since 1992, QSM has operated Shared FSC Programs for exporters in the agriculture and non-agriculture sectors.

QSM is dedicated to providing FSC and ETI tax savings to U.S. exporters. These benefits, based on highly complex provisions and requiring sophisticated software to maximize results, are available to all exporters. The goal of QSM is to deliver tax savings efficiently to exporters of all sizes.

QSM actively participated in lobbying for enactment of the Extraterritorial Income Exclusion in 2000.

Today QSM administers “grandfathered” FSCs and provides the new ETI benefit for qualifying taxpayers.

QSM works closely with the exporters’ accounting firms.

QSM is allied with PricewaterhouseCoopers, an international accounting firm. PricewaterhouseCoopers (www.pwcglobal.com) is the world's largest professional services organization.

 

Copyright © 2001 Western Growers Association.  All Rights Reserved.

Revised:  December 20, 2001