Course Description:
As your business grows internationally, it is important to consider available tax incentives. In this webinar, we will explore two tax incentives available to exporters, IC-DISC and FDII. The Interest Charge Domestic International Sales Corporation, more commonly known as the IC-DISC, is an export incentive available for U.S. manufacturers, distributors, growers, and producers, as well as engineering and architectural service providers on foreign projects. The IC-DISC allows certain U.S. businesses to reduce their overall tax liability through a commission mechanism. Profitable businesses with at least $1 million of revenue from an exported product or service that is made primarily in the U.S. are prime candidates. Foreign Derived Intangible Income (FDII) is a tax incentive available to C corporations that export goods or services. We will discuss what exports qualify for this benefit and how the benefit works. Join us to learn more about both these export incentives and how you can determine your eligibility.
Learning Objectives:
- Discuss the IC-DISC and who qualifies
- Outline how these changes could impact businesses and individuals
- Review FDII and how it impacts your situation
Presenters:
Mark Griswold, CPA, International Tax Senior Manager, Eide Bailly
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 lability companies, as well as thorough experience with IC-DISCs, including compliance and commission calculations.
Chris Stroh, JD, LL.M, International Tax Manager, Eide Bailly
Christopher has more than 11 years of experience working with clients in the international tax area at multiple professional service firms. He has assisted clients in a variety of cross-border issues, and has specific knowledge of global transfer pricing and various tax credits. Christopher also has experience with U.S. Federal and state tax returns, as well as U.S and local-country business law, including treaty analysis.
CPE Information
CPE Credit: 1
Field of Study:Tax
Level of Knowledge: Any Level
Delivery Method: Group-Internet Based
Additional Information: These are web-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 612.253.6628.
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"A New Year means new tax updates. The constantly changing landscape of sales tax laws in recent years has made it difficult for businesses to comfortably stay in compliance. Understanding upcoming sales tax trends – including new rules, regulations, and available technology solutions – can help your business find firmer footing in today’s shifting environment.
Join us as we discuss 2020 sales tax changes and how your business’s technology can help you remain compliant and forward-looking.
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"A New Year means new tax updates. The constantly changing landscape of sales tax laws in recent years has made it difficult for businesses to comfortably stay in compliance. Understanding upcoming sales tax trends – including new rules, regulations, and available technology solutions – can help your business find firmer footing in today’s shifting environment.
Join us as we discuss 2020 sales tax changes and how your business’s technology can help you remain compliant and forward-looking.
"
"A New Year means new tax updates. The constantly changing landscape of sales tax laws in recent years has made it difficult for businesses to comfortably stay in compliance. Understanding upcoming sales tax trends – including new rules, regulations, and available technology solutions – can help your business find firmer footing in today’s shifting environment.
Join us as we discuss 2020 sales tax changes and how your business’s technology can help you remain compliant and forward-looking.
"
"A New Year means new tax updates. The constantly changing landscape of sales tax laws in recent years has made it difficult for businesses to comfortably stay in compliance. Understanding upcoming sales tax trends – including new rules, regulations, and available technology solutions – can help your business find firmer footing in today’s shifting environment.
Join us as we discuss 2020 sales tax changes and how your business’s technology can help you remain compliant and forward-looking.
"
"A New Year means new tax updates. The constantly changing landscape of sales tax laws in recent years has made it difficult for businesses to comfortably stay in compliance. Understanding upcoming sales tax trends – including new rules, regulations, and available technology solutions – can help your business find firmer footing in today’s shifting environment.
Join us as we discuss 2020 sales tax changes and how your business’s technology can help you remain compliant and forward-looking.
"
"A New Year means new tax updates. The constantly changing landscape of sales tax laws in recent years has made it difficult for businesses to comfortably stay in compliance. Understanding upcoming sales tax trends – including new rules, regulations, and available technology solutions – can help your business find firmer footing in today’s shifting environment.
Join us as we discuss 2020 sales tax changes and how your business’s technology can help you remain compliant and forward-looking.
"
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