News & Analysis as of

IC-DISC

Gerald Nowotny - Law Office of Gerald R....

The Puerto Rican Trade Company - An Alternative to the IC-DISC con Salsa

Overview - Most Americans are aware of the hurricane devastation in Puerto Rico. Puerto Rico’s equivalent event to September 11, 2003 occurred on September 20, 2017. First, the island suffered through Hurricane Irma on...more

Bilzin Sumberg

Commission Payments to IC-DISC Recharacterized as Non-Deductible Dividends

Bilzin Sumberg on

In Summa Holdings, Inc. v. Commissioner, T.C. Memo 2015-119, the Tax Court recharacterized an exporter’s deductible commission payments made to an IC-DISC as non-deductible dividend payments to the exporter’s shareholders...more

Bilzin Sumberg

IC-DISC Benefits Enhanced with Foreign Shareholders

Bilzin Sumberg on

Since the reduction in the individual tax rate on qualified dividends in 2004, the Interest Charge Domestic Sales Corporation (“IC-DISC”) has become an attractive vehicle to obtain a tax incentive for exporting U.S.-produced...more

Miller Canfield

Summary of IC-DISC Tax Benefits

Miller Canfield on

Interest-Charge Domestic International Sales Corporations (“IC-DISCs”) offer significant potential tax benefits for U.S. companies that export U.S. manufactured products or certain engineering or architectural services with...more

Williams Mullen

Southeast State & Local Tax: Important Developments - April Update

Williams Mullen on

The Williams Mullen Southeast State and Local Tax (SESALT) team is pleased to provide you with a comprehensive recap of recent legislation around the U.S. ...more

Baker Donelson

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

Baker Donelson on

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

Gerald Nowotny - Law Office of Gerald R....

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

Gerald Nowotny - Law Office of Gerald R....

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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