Foreign Sales Corporations/IC-DISC'S 2000[591]

Table 2.--Tax Year 2000 Foreign Sales Corporations: Assets, Receipts, Deductions, Net Income, Exempt Income, Taxes and Distributions, by Intercompany Pricing Method [All figures are estimates based on samples--money amounts are in thousands of dollars] Commissions Intercompany pricing method [1] Number of returns (1) All returns..................................................................................................... 4,200 No pricing method shown..................................................................................................... 85 Total assets (2) 47,746,635 13,183 and accounts receivable (3) 29,389,932 6,887 225,470 Total current and long-term liabilities (4) 10,882,918 5,279 179,989 (5) 348,971,178 -5,936,794 Total Foreign trading gross receipts of FSC's and related supplier Full costing (6) 251,465,022 -5,920,291 Marginal costing (7) 97,506,157 -16,503 1.83 percent of gross receipts method only..................................................................................................... 308 568,508 23 percent of combined taxable income method only..................................................................................................... 2,119 Marginal costing method only..................................................................................................... 11 Section 482 method only..................................................................................................... 266 Transactions at arm's length method only..................................................................................................... 7 3 1,323,454 6,487,898 13,269 14,204,114 5,190,434 14,579 5,794,736 3,191,995 4,162 220,517 38,580,655 602,832 1,598,709 37,117,449 600,393 1,556,950 1,463,206 2,439 41,759 284,455 1,710,031 81,704 1,035,146 308,572 35,024,173 302,948 33,555,829 5,624 1,468,344 1.83 and 23-percent methods..................................................................................................... 4,397,589 619 1.83 and marginal costing methods..................................................................................................... 26 5,290 4,952 5,008 452 3,968 -- 174,170 3,128 27,643 3,128 146,527 -- 1.83 and section 482 methods..................................................................................................... 5 1.83, 23-percent, and marginal costing methods..................................................................................................... 609 1.83, 23-percent, marginal costing, and section 482 methods..................................................................................................... 7 19,622,362 15,180,556 5,660,465 244,364,159 158,304,275 86,059,884 294,556 256,930 562,470 121,988 2,539 478,229 10,188 17,108,367 4,043,433 106,812 10,610,336 2,239,594 106,812 6,498,032 1,803,839 -- 23-percent and marginal costing methods..................................................................................................... 76 607,911 23-percent and section 482 methods..................................................................................................... 23 121,386 23-percent, section 482, and transactions at arm's length methods..................................................................................................... 3 44,361 11,616 3,484 47,853 47,853 -- Total Intercompany pricing method [1] costs of sales and operations (8) All returns..................................................................................................... 26,364,690 No pricing method shown..................................................................................................... -(9) Foreign trade income Total Administrative Nonadministrative (10) 1,585,132 --nonforeign trade income (11) 253,131 347 31,472 (12) Foreign direct costs Total foreign trade Administrative Nonadministrative (13) 163,555 --- deductions Administrative (14) 24,149,985 -566,380 42,034,878 -- 3,780,752 -50,000 1.83 percent of gross receipts method only..................................................................................................... 537,379 676,285 23 percent of combined taxable income method only..................................................................................................... 792,806 Marginal costing method only..................................................................................................... -Section 482 method only..................................................................................................... 241,797 Transactions at arm's length method only..................................................................................................... 162,377 -7,148,874 17,773 -- --1,339,225 29,895 -19,686 773,829 1,153 -- --7,011 4,905,737 1,827 -- 146,195 -- 21,229 2,235 -383,091 1,688 -- -1,501,414 1.83 and 23-percent methods..................................................................................................... 2,812,189 859,405 1.83 and marginal costing methods.....................................................................................................6,683 1.83 and section 482 methods..................................................................................................... 1,409 1.83, 23-percent, and marginal costing methods..................................................................................................... 23,109,544 1.83, 23-percent, marginal costing, and section 482 methods..................................................................................................... 71,248 752,112 29,994,600 11,946 1,718 --- -256 58 17 --- 6,835 115 -- 123,086 2,148,423 -- 16,209,284 62,296 -17,054 5,705 481 12,991 361,749 55,939 -- 151,647 -704 590,359 342,420 12,276 23-percent and marginal costing methods..................................................................................................... 14,299 554,168 23-percent and section 482 methods..................................................................................................... 47,103 15,571 23-percent, section 482, and transactions at arm's length methods..................................................................................................... 37,371 Footnotes at end of table. 3,188 7,238 5,750 283 2,504 2,161 Table 2.--Tax Year 2000 Foreign Sales Corporations: Assets, Receipts, Deductions, Net Income, Exempt Income, Taxes and Distributions, by Intercompany Pricing Method--Continued [All figures are estimates based on samples--money amounts are in thousands of dollars] Total foreign trade deductions Intercompany pricing method [1] --continued Nonadministrative (15) All returns..................................................................................................... 1,015,170 No pricing method shown..................................................................................................... -Total nonforeign trade deductions (16) 116,435 33 (17) 6,392,938 -34,918 Net income prior to exclusions or adjustments Administrative Nonadministrative (18) 461,977 --(19) 136,696 315 1,295 (20) 6,565,839 300 36,212 (21) 6,654,909 324 39,292 Nonforeign trade net income Net income (less deficit) Net income 1.83 percent of gross receipts method only..................................................................................................... -30,178 23 percent of combined taxable income method only..................................................................................................... -Marginal costing method only..................................................................................................... -Section 482 method only..................................................................................................... 768,312 Transactions at arm's length method only..................................................................................................... 77,817 1.83 and 23-percent methods..................................................................................................... -1.83 and marginal costing methods..................................................................................................... ---21,113 127 10,421 -15,956 821,632 5,547 -- --399,440 19,473 -3,730 832,765 5,547 48,168 905,345 5,550 50,598 -458,949 47,828 -- 116 2,107 5,606 461,056 5,606 461,070 1,775 488 --- -256 1,775 744 1,775 744 1.83 and section 482 methods..................................................................................................... -1.83, 23-percent, and marginal costing methods..................................................................................................... 1.83, 23-percent, marginal costing, and section 482 methods..................................................................................................... 151,658 -- 8,266 4,926,238 -- 114,820 5,031,212 5,041,050 11,293 56,263 73,360 1,146 685 -6,470 -5,589 479 496 51,359 73,839 3,733 51,359 73,840 3,733 23-percent and marginal costing methods..................................................................................................... -2 23-percent and section 482 methods..................................................................................................... 7,811 12,495 23-percent, section 482, and transactions at arm's length methods..................................................................................................... 4,810 6,552 353 1,702 -802 1,253 2,352 Intercompany pricing method [1] Deficit Taxable income (23) 6,651,414 324 Total tax liability (24) 2,306,304 113 12,801 Regular income tax (25) 2,306,320 113 12,795 Net exempt income Administrative (26) 11,833,788 -72,681 Non-administrative (27) 199,614 --- Total distributions (28) 14,660,743 63,866 73,626 (22) All returns..................................................................................................... 89,070 No pricing method shown..................................................................................................... 24 1.83 percent of gross receipts method only..................................................................................................... 3,080 39,039 23 percent of combined taxable income method only..................................................................................................... 72,580 Marginal costing method only..................................................................................................... 4 Section 482 method only..................................................................................................... 2,430 Transactions at arm's length method only..................................................................................................... -1.83 and 23-percent methods..................................................................................................... 14 1.83 and marginal costing methods..................................................................................................... -1,775 744 3,990 460,271 904,533 5,550 50,598 304,949 1,939 17,047 304,981 1,939 17,047 1,602,962 10,406 -- --172,495 2,610,258 38,297 731,678 1,304 158,960 1,304 158,946 -860,523 20,687 -- 45,237 743,127 603 211 603 211 3,335 1,115 --- 4,806 -- 1.83 and section 482 methods..................................................................................................... -1.83, 23-percent, and marginal costing methods.....................................................................................................9,838 1.83, 23-percent, marginal costing, and section 482 methods..................................................................................................... -- 5,041,036 1,758,572 1,758,576 9,013,056 -- 10,087,673 51,359 17,940 25,555 1,300 17,940 25,555 1,300 105,491 138,390 2,149 294 -2,782 35,244 181,995 23,902 23-percent and marginal costing methods..................................................................................................... 1 73,840 23-percent and section 482 methods..................................................................................................... -3,733 23-percent, section 482, and transactions at arm's length methods..................................................................................................... 1,099 2,352 800 800 674 848 -- [1] Detail may not add to total because certain data were deleted to avoid disclosure of specific return information. SOURCE: IRS, Statistics of Income Winter 2003-2004 Bulletin, Publication 1136