McGuire Sponsel offers cost segregation, R and D tax credits, cost segregation, IC-DISC
, and Credits and Incentives.
An interest charge domestic international sales corporation, or IC-DISC
, is a domestic corporation that elects to be treated as an IC-DISC
on Form 4876-A, Election to Be Treated as an Interest Charge DISC.
exporters--including, but not limited to, manufacturers--that create an IC-DISC
(interest charge domestic international sales corporation) can enjoy potentially large tax savings with relatively low initial costs.
An increasing number of closely held companies are using the IC-DISC
(Interest Charge Domestic International Sales Corporation) provisions of the Internal Revenue Code intended to help U.S.
is the least talked about but most potent all tax shelters.
Congress enacted the "IC-DISC
" regime to encourage the export of goods produced in the United States.
In the last five years, FEI's CPC-P has submitted or signed onto almost 50 letters on issues including comprehensive tax reform, the estate tax, IC-DISC
, America's debt and deficit, the federal budget, provisions in the Affordable Care Act and onerous regulations that could affect private companies negatively, FEI is also an active member of coalitions protecting the interests of privately held and family-owned businesses.
(3) To elect IC-DISC
status, a domestic corporation must have "qualified export receipts" that constitute at least 95 percent of its gross receipts and must be able to classify at least 95 percent of its assets as "qualified export assets." Qualified export receipts are gross receipts from the sale of qualified export assets and other types of income related to exporting.
One little-known provision of the IRS code can provide significant savings for exporters: It's the Interest Charge Domestic International Sales Corporation (IC-DISC
), a tax-exempt domestic corporation set up as a brother/sister of a C or an S corporation or partnership.
export tax incentives (IC-DISC
, FSC and ETI), controlled foreign corporation and foreign branch calculations and international mergers and acquisitions.
A longstanding provision in the tax code, called the Interest Charge Domestic International Sales Corporation (IC-DISC
), helps small, privately held exporters compete with Asian and European exporters that have their taxes rebated at the border.