“Sounds too good to be true.” It is the understandable reaction by business owners and accountants when they first hear about the export tax incentive for small and medium manufacturers known by the ...
Interest-Charge Domestic International Sales Corporations (“IC-DISCs”) offer significant potential tax benefits for U.S. companies that export U.S. manufactured products or certain engineering or ...
Exporting goods overseas can have a positive impact on your business. The Interest Charge Domestic International Sales Corporation, or IC-DISC, can offer a tremendous tax benefit and a permanent tax ...
U.S. businesses whose goods are exported can significantly reduce their taxes through use of a long-standing U.S. tax incentive known as the “Interest Charge – Domestic International Sales Corporation ...
Since the reduction in the individual tax rate on qualified dividends in 2004, the Interest Charge Domestic Sales Corporation (“IC-DISC”) has become an attractive vehicle to obtain a tax incentive for ...
Most CPAs are familiar with the tax benefit of using an interest charge – domestic international sales corporation, or IC-DISC. What many do not realize is the additional benefit that can be generated ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. For nearly three decades, thousands of companies across the ...
U.S. exporters have been claiming the DISC or IC-DISC tax break for more than 45 years. Despite these facts, some enterprises fail to take advantage of the federal government’s tax giveaways for ...
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If U.S. tax rates increase, how would this affect the U.S. export tax incentives known as the foreign-derived intangible income (FDII) deduction and the interest charge domestic international sales ...
The IC-DISC is attracting renewed interest as an opportunity for companies engaged in export sales to benefit from lower corporate taxes. U. S. manufacturers face inflationary pressures, a weak dollar ...