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Could your manufacturing or exporting clients be overlooking an established tax-saving opportunity? Dave McGuire and Greg Lambrecht, CPA, explain how IC-DISC works, which businesses may qualify, and why the calculation method can significantly affect the benefit.

Learn how to identify Foreign Tax Credit opportunities, review key tax forms, and uncover potential savings for clients with foreign-source income.

Foreign Tax Credit opportunities can be easy to overlook. Learn what CPAs should look for in client returns, including foreign income, Forms 5471, 1116, and 1118, and prior-year filings.

FBAR compliance is an important part of U.S. financial reporting requirements. Learn about FBAR filing requirements, foreign account reporting, and the potential penalties for failing to report foreign financial accounts.

Join us for six technical webinars designed to help CPA firms navigate evolving compliance requirements, uncover overlooked planning opportunities, and strengthen advisory conversations heading into the second half of 2026.

What could the 2026 midterm elections mean for tax policy? Dave McGuire and Ashu Mahal discuss potential shifts in Congress, the outlook for existing tax provisions, tariffs, domestic incentives, Pillar Two, and what CPAs and businesses should watch as year-end planning approaches.

Understand how the Section 987 regulations may affect taxpayers with Qualified Business Units (QBUs). Download our guide to explore transition calculation requirements, ongoing compliance considerations, common challenges, and potential foreign exchange tax benefits.

Learn how the Section 987 final regulations affect QBUs, including compliance requirements, implementation challenges, and potential foreign exchange tax planning opportunities.

 

Transfer pricing isn’t just for multinational corporations. Learn when businesses need transfer pricing studies, common compliance risks, IRS expectations, and planning strategies CPAs should understand.

International tax compliance isn’t just a multinational issue. Learn the reporting requirements, penalties, and planning opportunities CPAs need to know.

IC-DISC: A Powerful Strategy Many Exporters Miss

The IC-DISC has existed for decades, yet many manufacturers and exporters have never evaluated whether they qualify—or assume the incentive disappeared after recent tax reform.

In this episode of Let’s Talk Tax, host Dave McGuire speaks with Greg Lambrecht, CPA, about how an Interest Charge Domestic International Sales Corporation can help qualifying businesses convert a portion of their export income into qualified dividend income. Greg explains why the resulting rate difference can create meaningful tax savings for pass-through owners, closely held C corporations, and certain key employees.

Their conversation explores which products and activities may generate qualifying export receipts, including direct and indirect exports, certain agricultural and timber products, and services performed abroad by employees of a U.S. company. They also discuss domestic-content and substantial-transformation requirements, the three primary commission calculation methods, and how detailed transaction grouping and expense allocation can increase the potential benefit.

Because an IC-DISC must be established before qualifying sales occur, identifying opportunities early is essential. Listen to learn why this long-standing incentive deserves another look as part of proactive tax planning for manufacturers and exporters.

Recent Case Study: Oil Tool Manufacturer IC-DISC

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