InSource International
is a comprehensive system that simplifies the computation
of U.S. tax benefits derived from international operations.
Several integrated tax calculation areas lead you through
the tax return process, determining foreign earnings and
profits, deemed paid credits, and the benefits of the Foreign
Tax Credit.
InSource International determines if dividends are taxable, the amount of PTI
exchange gain/loss, the deemed distribution inclusions and any deemed paid credits
relating to this income. The look-through rules for inter-company rents, royalties,
interest and dividend income as provided under Section 904(d)(3) are applied
as necessary and the calculations operate across unlimited chains of ownership
while maintaining the capability of reconciling payments and receipts through
multiple payors and recipients.
Optimize you tax benefits by selecting multiple apportionment methods
for each expense
Numerous apportionment bases are available within the
system, or you can create or customize your own apportionment
bases. During Earnings and Profits calculations, the system
will select the optimum choice based on the type of income
you have indicated that you want to maximize or minimize
(for example, Subpart F versus passive).