IC-DISC Tag

Manufacturers and processors are reaping large rewards for involvement with products used abroad – including in Canada and Mexico. Many, however, are still inadvertently passing on claiming the benefits that the federal government is offering. In the Tax Cuts and Jobs creation act of 2018, the federal government preserved the “IC-DISC” (Interest Charge Domestic International Sales Corporation) export incentive.  The IC-DISC leads to drastically lower federal tax rates for the owners of privately held companies that make and/or sell products that are at least partially manufactured in the United States....