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An Interest Charge Domestic International Sales Corporation, or IC-DISC, provides a permanent 20% tax savings opportunity for qualifying U.S. exporters. If your company is based in the U.S. and regularly exports products or works on foreign construction projects providing engineering or architectural support, you should consider forming an IC-DISC to take advantage of the significant tax savings available.
At Inemer, Cohen & Wolf LLP, a New York CPA firm, our foreign tax advisors and can help your organization take advantage of this tax incentive and allow you to defer income.
Contact Joe Wolf at 212-944-2555 to discuss the benefits of forming and IC-DISC for your company and the subsequent filing requirements with an New York International Tax CPA. You can also sign up for a consultation online.