IC-DISC Compliance: Exporter Challenges in the Federal Tax Break

Leveraging Benefits From the Dividend Tax Solution

Recording of a 110-minute CPE webinar with Q&A


Conducted on Thursday, December 21, 2017

Recorded event now available

or call 1-800-926-7926
Program Materials

This webinar will prepare tax professionals and advisers to leverage the tax benefits of IC-DISC formation. The panel will review and explain key steps for forming entities, tax planning and maintaining compliance.

Description

The tax savings available for exporters through an IC-DISC (interest charge-domestic international sales corporation) remain a significant incentive for businesses and investors.

Tax planning with IC-DISC requires an understanding of the export transactions to maximize the benefit from the IC-DISC and an understanding of the higher-level compliance and reporting hurdles to maintain qualification of the IC-DISC under federal income tax law.

Accounting professionals and corporate tax specialists will receive an overview of important aspects of IC-DISCs and the latest guidance and rulings. Perspectives from our experienced advisers will help you deal with your company’s or clients’ toughest problems.

Listen as our panel of veteran advisers improves your understanding of how IC-DISCs operate and prepares you to navigate challenges in tax compliance and planning.

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Outline

  1. Background and tax benefits of IC-DISCs
    1. Applicable IRC sections
    2. Tax court decisions and IRS guidance
  2. Planning issues arising from the dividend tax increase and 3.8% Medicare tax
    1. DISC structures that may not be subject to Medicare tax
  3. High level compliance issues
    1. Ownership structures
    2. Deemed distributions

Benefits

The panel will guide you through issues including:

  • Maximizing unique IC-DISC tax benefits
  • Understanding tax liability for DISC structures under the new federal dividend tax rate and Medicare tax
  • Meeting the three requirements to receive income from export property sales and other aspects of the IC-DISC rules
  • Completing IRS Form 1120-IC-DISC, the unique tax return that applies only to the IC-DISC entity

Faculty

Loizeaux, James
James Loizeaux

Managing Director, Global Tax Services
CliftonLarsonAllen

Mr. Loizeaux has more than 25 years of public accounting and industry experience in international corporate tax. He has...  |  Read More

Misey, Robert
Robert J. Misey, Jr.

Shareholder
Reinhart Boerner Van Deuren

Mr. Misey is attached to the firm's Tax and Business Law Practices, and chairs its International Practice. He...  |  Read More

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$247