Doing Business Abroad?
Significant IC-DISC Tax Savings Opportunities for US Companies Doing Business Abroad
What is an IC-DISC?
The Interest-Charge Domestic International Sales Corporation (IC-DISC) is a domestic entity that yields significant tax benefits for exporters.
- Deferral of up to $10,000,000 of export income per year almost tax-free
- The ability to convert ordinary income, otherwise taxed at 35%, to dividend income taxed at 15% (current through December 31, 2010)
Who can use an IC-DISC?
Closely-held companies with export sales in the following industries:
- Manufacturing
- Wholesale / Distribution
- Software Development
- Architecture / Engineering
How do I get started?
Contact Engineered Tax Services today for a no-cost, no-obligation assessment of whether or not your company can benefit from an IC-DISC. |
