IC-DISC

News & Analysis as of

IC-DISCS- Exporting the American Dream and Capitalism for Love of Country and Tax Benefits

I always loved the old Coca Cola commercial sung to the catch jingle “It’s a Small World” demonstrating the appeal of Coca Cola to all people around the globe. I think the same can be said about the idea of having to pay a...more

IC-DISC: Interest Charge Domestic International Sales Corporation

As any reader of The Farm News is already aware, California produces a significant portion of the worldwide production for certain crops. As recently as 2012, eighty percent (80%) of the world's production of almonds, and...more

Spotlight on SALT: More States Conform to Beneficial Federal Tax Treatment of IC-DISCs

U.S. exporters meeting a few requirements are able to use the IC-DISC (Interest Charge – Domestic International Sales Corporation) to achieve beneficial federal income tax treatment of their export sales. An IC-DISC is...more

Rappelling Down the Fiscal Cliff – Strategies for Cushioning the Fall – Part II

A. Overview - Part I of this series focused on the impact of impending tax increases following the Presidential Election for corporate executives and salaried professionals. Part II of the series will focus on...more

Attention All Cadets (and Midshipmen)! – Tax Planning Battle Plan for 2012 and Beyond

In case you have been in the trenches or out at Sea since the beginning of the year, here is what the tax landscape looks like going forward into 2013. The Bush tax cuts are due to expire at the end of 2012 absent tax reform...more

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