What is IC-DISC?

Companies can establish an IC-DISC to earn a commission on export sales and claim a tax deduction. To be an IC-DISC, a corporation must meet the following requirements:

  • The corporation is organized under the laws of a state or the District of Columbia.
  • At least 95% of its gross receipts during the tax year are qualified export receipts.
  • At the end of the tax year, the adjusted basis of its qualified export assets is at least 95% of the sum of the adjusted basis of all of its assets.

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