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
Recording of a 90-minute premium CLE/CPE video webinar with Q&A
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.
Outline
- Applicable IRC sections
- Formation
- Drafting the contract between IC-DISC and manufacturing company
- Appropriate legal entity
- Implementation
- Partnerships/S corporations versus C corporations
- Qualification issues
- Qualified export receipts
- Qualified export assets
- Dividends
- 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
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
Mr. Misey, Jr. is chair of the firm’s International Practice. He serves with a wide range of clients involved in an array of industries such as manufacturing, distribution, sport and entertainment with international taxation and tax controversy matters. Licensed in California, Wisconsin, Kentucky and Washington, D.C., he is also a member of the International Fiscal Association, chair of the Tax Committee of International Section of the American Bar Association, and a member of Wisconsin Accounting Examining Board. He previously spent nine years with the IRS.
Close
David Reid, CPA, MST
Co-Founding Partner
Quantitax
Mr. Reid is a Quantitax partner with nearly three decades of experience providing tax services. He is an international... | Read More
Mr. Reid is a Quantitax partner with nearly three decades of experience providing tax services. He is an international tax specialist with a focus on IC-DISC optimization. Prior to Quantitax, Mr. Reid held senior leadership positions at PWC and WTP Advisors, where he had extensive experience in export incentives and other international tax areas. He has presented and taught many of these areas of taxation at various national and regional forums. Mr. Reid is a licensed C.P.A. and a member of the AICPA. He has a Master's degree in Taxation from the University of Illinois Urbana-Champaign, and an Accounting degree from Bentley College.
Close