Benefits of an IC-DISC: How Manufacturers and Exporters Can Determine If It’s Right for Their Business

Paul Simons was recently featured in Minnesota Business Magazine's experts section for manufacturing business owners, called "Gears and Gadgets | GuidePosts." For qualifying manufacturers and exporters there is an often overlooked tax advantage that they may want to consider that offsets operating income with lower taxed IC-DISC dividend.

Paul Simons April 21, 2017

I was recently featured in Minnesota Business Magazine’s “Gears and Gadgets | GuidePosts,” a resource for manufacturing business owners. In summary, for manufacturers and exporters there is an often overlooked tax advantage that you may want to consider. For qualifying companies, IC-DISC (Interest Charge Domestic International Sale Corporation) is a special tax benefit enacted by Congress to strengthen U.S. export sales. An IC-DISC can potentially offset operating income with lower taxed IC-DISC dividend.

To read my article, click here: Benefits of an IC-DISC: How Manufacturers and Exporters Can Determine If It’s Right for Their Business. Or, click the image below.


Benefits of an IC-DISC - Minneapolis Tax Planning

For more information or to discuss your specific situation please contact me.