Are you Taking Advantage of IC-DISC Tax Benefits for Exporting?

By Wiss, Posted in Accounting and Auditing

By Chris Colyer If you are an exporter, IC-DISC is worth taking notice of — especially under current economic conditions resulting from a strong U.S. Dollar. The acronym stands for Interest Charge – Domestic International Sales Corporation, and small- to medium-size American exporting companies can take advantage of this tax classification to their advantage. The dollar’s strength is not an advantage for sellers of U.S. goods. In fact, it’s just the opposite — an economic rea... read more.