CPA - medium firm
CPA - large firm
Enrolled Agent
Other
In this webinar, 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 program will show you how to implement an IC-DISC and substantiate your FDII deduction.
Learning Objectives:
- Recognize the tax benefits of the IC-DISC
- Identify how to determine and maximize the IC-DISC benefit
- Define how to plan for and calculate the deduction for FDII
- Identify how to substantiate the deduction for FDII
- List new structuring techniques, including C corporations, S corporations converting to C corporations, and Roth IRAs’ use of ownership
Robert Misey, J.D., LL.M.
Reinhart Boerner Van Deuren s.c.
Chair of the International Department
[email protected]
(312) 207-5456
Robert Misey leads the International Department for the law firm of Reinhart Boerner Van Deuren and is a former trial attorney for the IRS Chief Counsel (International) in Washington, DC. Robert is Chair of the International Tax Committee for the ABA and a member of the bar in California, Wisconsin, and the District of Columbia. He is also the author of the book, A Practical Guide to U.S. Taxation of International Transactions and Federal Taxation: Practice and Procedure.
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