IC-DISC TxT Analysis
IC-DISC Practice Uses TxT Analysis to Increase Tax Benefit by $60,000
McGuire Sponsel minimizes filing and maintenance burdens for clients, while maximizing commissions and tax savings. Our IC-DISC team identified an opportunity for a food processor and distributor. With $10 million in international sales, the business regularly exports goods. The client was previously only reaching a commission number of $295,000 using the simple calculation. When McGuire Sponsel received more sales detail and ran a transaction-by-transaction calculation, we were able to generate a commission of $680,000. This increased the commission by $385,000, which increased the tax benefit by approximately $60,000.
If a U.S. business regularly exports products or services, an IC-DISC may provide substantial tax savings.
Do you Qualify for an IC-DISC?
To find out if you or your client may qualify for an IC-DISC, complete and submit the form below. One of our IC-DISC professionals will contact you to complete a free evaluation.