Often Overlooked Tax Incentive Reduces U.S. and Florida Taxable Income for Manufacturers and U.S Distributors

Manufacturers and other U.S. distributors can take advantage of an often overlooked tax incentive in the Internal Revenue Code to reduce their U.S. and Florida taxable income by forming an Interest Charge Domestic International Corporation, or IC-DISC.

Francis E. Rodriguez, Partner in Charge of the Miami Office, and Logan E. Gans, an Associate in the Tax and International Law Group, explain who this tax benefit would apply to and how to file for it in this Daily Business Review article.

View the online version here.

Reprinted with permission from the May 28, 2015 issue of Daily Business Review. © 2015 ALM Media Properties, LLC. Further duplication without permission is prohibited. All right reserved.

ADDITIONAL DOCUMENTS:

• Campaign Promise of Tomorrow Here Today by Francis E. Rodrigue and Logan E. Gans