Category: Tax

Tax Effects of Interest-free Family Loans

Consider the tax effects of interest-free family loans before lending money. The IRS may see the loan as a gift, which could be subject to unexpected taxes. This article covers six steps to avoid a tax bill.

IC-DISC: What is it and how does it work?

IC-DISC

An Interest Charge Domestic International Sales Corporation, or IC-DISC, offers a significant federal income tax savings for making or distributing U.S. products for export.