What is an IC-DISC?
IC-DISC is an acronym for Interest-Charge Domestic International Sales Corporation. IC-DISCs are a separate tax entity that allows tax benefits for companies that have export sales.
Who can benefit from the use of an IC-DISC?
Ultimately, any company who sells a product or service to an unrelated company located outside the United States. Most companies who could benefit greatly from an IC-DISC are unaware of it’s existence and do not utilize it as a legitimate tax savings strategy. IC-DISCs are available to U.S. manufacturers, producers, resellers, and exporters of goods &services that are produced domestically with an ultimate destination […]