Description
Understand the ideal mechanisms required to form and maintain an ICDISC.An InterestCharge Domestic International Sales Corporation regime, known as an ICDISC, is a federal tax export incentive regime. Under the regime, U.S. companies that export goods and services to foreign countries are permitted to enjoy certain benefits, provided certain conditions are met. An ICDISC creates the opportunity to tax a portion of exportrelated profits at lower tax rates and to potentially defer exportrelated income to future tax years. This topic will provide you the ideal mechanisms required to form and maintain an ICDISC. You will also learn the requirements of commission payments of the ICDISC based upon gross receipts and the qualifying assets test. This material will discuss the specific benefits of the ICDISC, including the potential benefit of qualified dividend rates on commissions paid to its shareholders. The topic will also provide and discuss structuring opportunities based upon common business types, including ideal SCorporation and CCorporation ICDISC structuring options. Additionally, the information will cover the effect of the Tax Cuts and Jobs Act on the potential ICDISC benefit and related tax planning opportunities. Finally, President Biden’s tax plan may significantly impact the ICDISC benefit and alter traditional structuring options. Such potential impacts will be explored as well.
Date: 2021-03-24 Start Time: End Time:
Learning Objectives