Bloomberg BNA: Big Tax Benefits for Export Clients

 

Bloomberg BNA recently requested that I present on the topic of the interest charge domestic international sales coproration ("IC-DISC"). The presentation will cover both the implementation of the IC-DISC strucuture, and maintenance of the DISC. The presentation will go into detail on the following topics: 

 

  • IC-DISC benefits

  • IC-DISC structuring alternatives

  • IC-DISC qualification requirements

  • Best practices in setup of IC-DISC corporation 

  • Considerations whend determining which state to set up IC-DISC

  • Considerations when making the IC-DISC election [F4876A]

  • Considerations in drafting the IC-DISC commission agreement

  • Definition of qualified export property, and the export property test

  • What constitutes "manufactured" or "produced" within defintion of Section 993. 

  • Use of IC-DISC for executive compensation

  • Use of IC-DISC in estate planning 

  • Best practices in calculating the IC-DISC commission

  • Use of the Section 482 method to maximize IC-DISC benefits. 

 

More information about the presentation is provided at the BNA site, at the link below. 

 

Bloomberg BNA: Big Tax Benefits for Export Clients

 

 

IRS CIRCULAR 230 NOTICE: ANY TAX ADVICE IN THIS COMMUNICATION IS NOT INTENDED OR WRITTEN BY HARLOWE & FALK LLP TO BE USED, AND CANNOT BE USED, BY A CLIENT OR ANY OTHER PERSON OR ENTITY FOR THE PURPOSE OF (i) AVOIDING PENALTIES THAT MAY BE IMPOSED ON ANY TAXPAYER OR (ii) PROMOTING, MARKETING OR RECOMMENDING TO ANOTHER PARTY ANY MATTERS ADDRESSED HEREIN.