IC-DISC Tax Law Challenges: Structuring and Planning Techniques to Maximize Federal Tax Savings
Navigating Applicable IRC Sections, Formation and Qualification Issues, and Capturing Maximum Tax Benefits
Recording of a 90-minute CLE/CPE webinar with Q&A
This CLE/CPE webinar will provide tax counsel and advisers with the guidance necessary to maximize the powerful tax benefits of the interest-charge domestic international sales corporation (IC-DISC). The panel will review the complex requirements of applicable IRC sections, formation best practices and qualification issues.
- Applicable IRC sections
- Drafting the contract between IC-DISC and manufacturing company
- Appropriate legal entity
- Partnerships/S corporations versus C corporations
- Qualification issues
- Qualified export receipts
- Qualified export assets
- Best practices for capturing the maximum tax benefit
The panel will review these and other key issues:
- What benefits does the IC-DISC structure provide to export companies?
- What are the best practices that should be implemented in forming the IC-DISC structure to maximize tax benefits?
- What considerations must be made when utilizing the IC-DISC structure as it applies to S corporations and partnerships versus C corporations?
- What qualification issues must be considered?
Partner, International Tax
Mr. George is a Partner in the firm’s International Tax Practice and serves as Lead Partner for the Pacific... | Read More
Mr. George is a Partner in the firm’s International Tax Practice and serves as Lead Partner for the Pacific Northwest Business Region. He has more than 20 years of experience serving a large and diverse client base, specializing in international structuring, cross-border M&As, intangible property management, private equity, global tax planning, and financial reporting for income taxes. Mr. George has extensive experience advising software, electronics and cloud computing businesses regarding tax issues associated with web-based services and subscription-based business models.Close
Harlowe & Falk
Mr. Ghassemieh's practice focuses on assisting companies of all sizes, in all business and tax matters,... | Read More
Mr. Ghassemieh's practice focuses on assisting companies of all sizes, in all business and tax matters, including advising closely held businesses to establish new business entities, advising on regulatory and tax matters, succession planning, and tax efficient planning for purchases or sales of existing businesses. He also provides tax consulting services to clients with international operations. His clients include both U.S.–based companies that have expanded abroad and foreign companies with U.S. ties. He also consults with U.S.–based exporting companies to determine whether they qualify for IC–DISC tax incentive benefits, and assists in both implementation and maintenance of IC–DISC structures.Close
Richard S. Lehman
United States Taxation and Immigration Law
Mr. Lehman's tax law practice focuses on an array of commercial transactions involving an international and... | Read More
Mr. Lehman's tax law practice focuses on an array of commercial transactions involving an international and domestic client base. He previously served as Senior Attorney, Interpretative Division, Chief Counsel’s Office, Internal Revenue Service, Washington D.C. He authored articles on taxation and was editor and contributing author of A Guide to Florida International Business and Investment Opportunities.Close