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If exporting internationally is a part of your business, you have most likely heard about changes to the federal income tax laws repealing many exporter benefits. Despite the repeal, there are still several tax benefits available for exporters.
One export benefit called Interest Charge – Domestic International Sales Corporation or IC-DISC, is still available to closely held export companies.
IC-DISC is an export incentive vehicle which effectively allows exporters to defer a portion of their export income from current federal income taxation.
There are several key ways IC-DISC can help your business depending on how much of your income is export-based:
- It can minimize double taxation on a portion of export income
- It can reduce your overall effective tax rate
- It can help you redeploy cash into your business to create wealth
To learn more about IC-DISC and to see how it may apply to your Company, download the white paper from www.pkftexas.com/ic-disc.