Watch How an IC-DISC can Benefit Companies with Export Income
Closely held companies that export have a tax-savings opportunity by creating an Interest Charge–Domestic International Sales Corporation (IC-DISC). The IC-DISC is a creature of the Internal Revenue Code that provides a significant tax incentive for business owners who manufacture and export. Small to mid-size businesses can set up a separate corporation that elects to be treated as an IC-DISC.
Does your company qualify? In the latest episode of the Brown Smith Wallace Brown Boarding Business Series, Doug Eckert, Partner, Tax Services, discusses which companies might benefit from an IC-DISC and key considerations when setting one up.
For more thought leadership on IC-DISCs and international tax, click here.
For a quick look at the advantages of an IC-DISC, trends in local and national exporting, and how to set up an IC-DISC, request a copy of our infographic.