Tax Benefits for Exporters: IC-DISCs and the Deduction for Foreign-Derived Intangible Income

Robert Misey

Reinhart Boerner Van Deuren s.c

Thursday, March 11, 2021 | 11:00 AM EST

  • CPA

1 CPE | 1 CE

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273)

1 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Federal Tax Update for Oregon Tax Preparers

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

email extinguisher: simple steps to shrink the inbox

(344)

Dec 31, 2020 | 02:30 PM EST View Details

executive overview of repatriation of foreign earnings (topic 606)

(3)

Feb 01, 2021 | 10:00 AM EST View Details

excel accountant: taming large spreadsheets

Feb 04, 2021 | 10:00 AM EST View Details

kpi’s (key performance indicators): how to implement them and achieve success through them

(5)

Feb 09, 2021 | 10:30 AM EST View Details

dealing with irs collections division (part i)

(207)

Feb 18, 2021 | 01:30 PM EST View Details

excel accountant: pivot tables part 1

Mar 01, 2021 | 09:30 AM EST View Details

quickbooks: tricky & complex situations for advance learners

(212)

Mar 01, 2021 | 09:30 AM EST View Details

year-end payroll updates (latest)

(744)

Mar 01, 2021 | 09:30 AM EST View Details

most profitable strategies for cpa firms: 11 specific strategies of the most successful cpa firms

Mar 01, 2021 | 09:30 AM EST View Details

basis calculations & distributions for pass-thru entity owners schedule k-1 analysis (latest)

(81)

Mar 01, 2021 | 10:00 AM EST View Details

annual federal tax update - individuals (form 1040)

(209)

Mar 01, 2021 | 10:00 AM EST View Details

estate and financial planning: latest topics and best techniques

(14)

Mar 01, 2021 | 10:00 AM EST View Details

intermediate/advanced course on educational tax credit benefits and financial planning

(984)

Mar 01, 2021 | 10:00 AM EST View Details

corporate external financial reporting decisions

(37)

Mar 01, 2021 | 10:00 AM EST View Details

fraud update - latest 2020

(40)

Mar 01, 2021 | 10:00 AM EST View Details

Course Description

In this CPE/ CE webinar for CPA and other tax professionals and advisors, attendees will learn how IC-DISCs and the deduction for Foreign-Derived Intangible Income (FDII) can achieve significant income tax savings for U.S. exporters. Congress has always loved exporters, and two opportunities exist for exporters to obtain tremendous tax savings. The IC-DISC (the interest Charge - Domestic International Sales Corporation) has existed for decades, but exciting and new structuring techniques always arise. The 2017 Act created the FDII deduction, and the IRS has just released its regulations with an emphasis on substantiation.

Key topics: 

This program will show you: 

  • How to implement an IC-DISC and substantiate your FDII deduction.
  • Significant income tax savings for U.S. exporters through FDII

Who should attend: 

CPA, Tax Professionals and tax advisors assisting or advising business clients

Learning Objectives

  • To recognize the tax benefits of the IC-DISC
  • To identify how to determine and maximize the IC-DISC benefit
  • To define how to plan for and calculate the deduction for FDII
  • To identify how to substantiate the deduction for FDII
  • To summarize new structuring techniques, including C corporations, S corporations converting to C corporations, and Roth IRAs’ use of ownership

Who Should Attend?

  • Tax Attorney
  • Tax Practitioners
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Managers
  • Tax Preparer
  • Bookkeepers & Accountants & Tax Preparers
  • Tax Professionals