Does your business sell tangible property produced in the United States for use outside of the US? (computer software *can* be considered tangible property) If so, you may be able to achieve permanent federal tax savings through use of an IC-DISC (Interest-Charge Domestic International Sales Corporation).
This “export incentive” was enacted by Congress in the 1970’s and is the last remaining tax-savings opportunity available for US exporters. Often overlooked/misunderstood, it is there for the taking if your business sells qualified property outside of the United States.
Obtaining this benefit requires NO change to the way you do business. It is completely transparent to your customers and vendors. However, there are a few simple steps to take and it is available only on a prospective basis.
While the overall concept of a DISC is rather simple, there are nuances in determining if a company qualifies, and specific rules to follow. “Maximizing” the DISC Commission benefit annually often requires detailed calculations and software tools to obtain the best result. It is recommended that an experienced IC-DISC Specialist be consulted to ensure that the DISC is structured properly and annual calculations performed in a way that optimizes the benefits.
Premier Tax Consulting LLC (“PTC”) has a highly experienced team 100% dedicated to IC-DISC. We’ve worked with hundreds of clients and prospects, achieving millions of dollars in tax savings. Please refer to the attached brochure for more detailed information, and examples of success stories.
The PTC team welcomes the opportunity to discuss your unique situation and develop an estimate of potential tax savings. Consultations and example calculations are always free and no-obligation.
Interested? Contact our partners at Premier Tax and mention code “BuycPanel” for 10% off their fee:
Web Site: http://premiertaxllc.com
Phone: (216) 755-4471