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Expert Analysis

The IC-DISC Remains Relevant In The Post-TCJA World

By Carlos Somoza (January 3, 2019, 4:45 PM EST) -- The interest charge domestic international sales corporation, or IC-DISC, regime was enacted nearly 50 years ago to promote the exporting activities of certain U.S. businesses. Its benefits have included tax deferral and reduced income taxation, and were mainly targeted to smaller exporters. The Tax Cuts and Jobs Act made a number of changes to the Internal Revenue Code that affect the taxation of U.S. exporting businesses, leading some tax practitioners to question the continued relevance of the IC-DISC. However, the IC-DISC continues to provide income tax benefits for smaller exporters, and the talk of its demise is premature....

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