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Advantages of a Foreign Owned IC-DISC

Course Description:
The Interest-Charge Domestic International Sales Corporation, more commonly known as the IC-DISC, is a U.S. income tax incentive available for U.S. manufacturers, distributors, growers, and producers who export, as well as for U.S. engineers and architects providing services for projects located outside the U.S. The IC-DISC allows certain U.S. businesses to reduce their U.S. tax liability through a commission mechanism. Clients with at least $1-2 million of profitable foreign earned revenue from an exported product or service that is made primarily in the U.S. are prime candidates. Join us to learn more about this export incentive and how we can work with you to determine your clients' eligibility.

Learning Objectives:

  • Discuss the IC-DISC
  • Determine who qualifies
  • Identify how this incentive could benefit your clients


Presenter:
Mark Griswold, CPA, Senior Manager
Mark has more than 10 years of public accounting experience providing tax consulting and compliance services. He works in a variety of industries, including international taxation, real estate, manufacturing and professional services. Mark has a significant background with S-Corporations and Limited Liability Companies, as well as thorough experience with IC-DISCs including compliance and commission calculations.

CPE:
1 hours

About Eide Bailly:
Eide Bailly’s international tax team helps clients plan for and stay in compliance when doing business and working internationally. Our team has expertise in inbound and outbound tax planning, global mobility programs, offshore voluntary disclosure, IC-DISC, transfer pricing, and more. We are a proud member of HLB International, a network of independent professional accounting firms and business advisors across the globe.

Additional Information:
These are live-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.

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