The Interest Charge—Domestic International Sales Corporation (IC-DISC) is a federal program that allows U.S. exporters to convert half of their foreign trade income to a taxable rate of only 15%. This incentive allows commission to be fully deductible, pay no federal income tax, and it distributes its income to its owners as a qualified dividend. In other words, you save 20 cents on every commission dollar (the difference between the top federal corporate tax rate and the individual qualified dividend rate). Available for more than 35 years, the IC-DISC can create significant tax savings for U.S. exporters.
The IC – DISC Program
One Comment
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Bronwen Madden January 22, 2014 at 6:11 pmJust a note on this webinar...Steve is an excellent tax advisor but he is not a CPA nor did he ever claim to be a CPA. I mistakenly put that he was a CPA when I prepared the PowerPoint slides and after the recording of this webinar learned of my error. Please do not be offended as there was no intent of misrepresentation.
