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Tax Benefits For Exporters IC-DISCs And The Deduction For Foreign-derived Intangible Income

Tax Benefits For Exporters IC-DISCs CPE webinar

1 Credit

$10

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00431-21-S)

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0432)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00431-21-S)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00431-21-S)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Before starting this self study program, please go through the instructional document.

Overview

  • Introduction to IC-DISC
    3 mins
  • Satisfying the Destination Test
    15 mins
  • Brother - Sister of a C Corporation
    25 mins
  • Implementation Considerations for the IC-DISC
    37 mins
  • Comprehensive FDII Example
    51 mins

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.

This online CPE webinar covers following key topics: 

  • 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


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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?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Chief Accounting Officer
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm