Organizations that have export sales can significantly reduce their Federal tax by creating an Interest Charge-Domestic International Sales Corporation (IC-DISC). It’s a long name, but the concept is quite simple. By creating a separate entity, a domestic organization with international sales can defer and/or reduce their overall tax burden related to the income on these international sales. Continue reading
Change One to FAA Order 8130.2G adds “distributors” back to the list of parties eligible to apply for domestic 8130-3 tags for parts. Continue reading
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