Since the reduction in the individual tax rate on qualified dividends in 2004, the Interest Charge Domestic Sales Corporation (“IC-DISC”) has become an attractive vehicle to obtain a tax incentive for ...

In Summa Holdings, Inc. v. Commissioner, T.C. Memo 2015-119, the Tax Court recharacterized an exporter’s deductible commission payments made to an IC-DISC as non-deductible dividend payments to the ...

I plugged my external HD into my laptop today, after spending the previous part of its life plugged into the desktop I got rid of. As I expected, the disk is listed as Foreign and Dynamic under Disk ...