IC-DISC Tax Law Challenges: Structuring and Planning Techniques to Maximize Tax Savings

Navigating Applicable IRC Sections, Formation and Qualification Issues, and Capturing Maximum Tax Benefits

A live 90-minute premium CLE/CPE video webinar with interactive Q&A

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Thursday, July 27, 2023

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, June 30, 2023

or call 1-800-926-7926
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This CLE/CPE course 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, qualification issues, and the implications under current tax law.

Description

U.S. tax law provides companies that export products an export tax benefit under the IC-DISC structure. If formed properly, taxpayers can benefit from federal income tax savings.

The repeal of the domestic production activity deduction and the addition of the limitation of interest deduction require tax counsel and advisers to consider all relevant tax rules to determine the overall impact to a company's IC-DISC benefits. After that, tax saving opportunities can be leveraged by export business clients by perfecting the knowledge of the IRC sections, certain implications under current tax law, and reconciling the difference in the application of the benefits of an IC-DISC structure to S corporations or partnerships versus C corporations.

Listen as our experienced panel reviews structuring techniques to maximize the federal tax savings for domestic corporations that primarily engage in foreign sales and exporting activity. The panelists will focus on the IRC sections, formation, benefits, and qualification issues.

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Outline

  1. Applicable IRC sections
  2. Formation
    1. Drafting the contract between IC-DISC and manufacturing company
    2. Appropriate legal entity
    3. Implementation
  3. Partnerships/S corporations versus C corporations
  4. Qualification issues
    1. Qualified export receipts
    2. Qualified export assets
    3. Dividends
  5. Best practices for capturing the maximum tax benefit

Benefits

The panel will review these and other critical issues:

  • What benefits does the IC-DISC structure provide to export companies?
  • What are the implications under current tax law?
  • What are best practices for forming the IC-DISC structure to maximize tax benefits?
  • What are the considerations when utilizing the IC-DISC structure as it applies to S corporations and partnerships versus C corporations?
  • What are the qualification issues?

Faculty

Misey, Robert
Robert J. (Rob) Misey, Jr.
Shareholder
Reinhart Boerner Van Deuren

Mr. Misey, Jr. is chair of the firm’s International Practice. He serves with a wide range of clients involved in...  |  Read More

Additional faculty
to be announced.
Attend on July 27

Early Discount (through 06/30/23)

See NASBA details.

Cannot Attend July 27?

Early Discount (through 06/30/23)

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

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CLE On-Demand Video

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