The IC-DISC division of McGuire Sponsel’s Global Business Services Practice makes entering the world of export tax incentives simple with our complete turnkey approach to organizing an “IC-DISC”, the Interest Charge Domestic International Sales Corporation. Exporters of U.S. manufactured property use the IRS-created IC-DISC vehicle to have the income arising from their export sales taxed at a lower federal rate. Despite this, many businesses shy away from making use of this tax-efficient structure due to perceptions of complexity and organizational expense.
However, McGuire Sponsel has addressed these administrative concerns by developing a complete turnkey approach to organizing and putting an IC-DISC to work for you. Our process is a flat fee, seamless operation of first incorporating your IC-DISC for you in the State of your choice – for which we will help you select the most tax-effective State. We then secure your new IC-DISC’s federal identification number, and then prepare and file the new company’s election that is filed with the IRS to be treated as an IC-DISC. Once incorporated, we can turn the process around in as little 48 hours, an important feature when needing to avail of this tax incentive which is realized prospectively from the date of the IC-DISC’s incorporation.
Engaging one firm that specializes in this discipline to handle this organizational responsibility eliminates the missteps that often occur when multiple offices (attorneys. CPAs, company staff) try to execute the plan. If you have any questions about our team or any global business issue, do not hesitate to reach out.
Mark O’Dell has a wealth of skill and knowledge in the areas of international corporate taxation and mergers and acquisitions. He brings more than thirty years of experience to the table as a corporate tax director and/or corporate tax manager for several publicly-traded multi-national companies, both U.S. and foreign-owned.
As a Principal for McGuire Sponsel, one of O’Dell’s primary focuses is overseeing the growing IC-DISC practice.