How an IC-DISC Impacts for Closely Held Exporters.

Basically, an IC-DISC is an internal “paper corporation.” It has no impact on the operations of your business, and is totally transparent to your customers. To report its income and distributions, the IC-DISC files a federal tax return using Form 1120-IC-DISC. Your company can take an ordinary deduction, and the IC-DISC shareholders have corresponding qualified dividend income.

For a Free Consultation call or email:
Amare Berhie, International Tax Advisor
ABA Tax Accounting
Toll free 866-936-0430

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