A two-day basic to intermediate level conference with live group instruction on the Interest Charged - Domestic International Sales Corporation (IC-DISC). It is the only remaining tax benefit to U.S. companies that export U.S. manufacture. The IC-DISC provides multiple benefits including ease to create exemption from U.S. taxation and the dividends distributed from the IC-DISC meet the criteria for the qualified dividend tax rate.
Course Level: basic to intermediate; Delivery Method: live group
After attending this event, participants will be able to
All paid attendees will receive the Bloomberg BNA Portfolio: #934 2nd, Export Tax Incentives *One Portfolio per paid attendee. Quantities are limited.
There are no prerequisites for attending this program.
Cancellations received more than 72 business hours prior to the meeting will be issued a credit. A $350 fee will apply to cancellations received within 72 business hours of the event. No credit card or cash refunds will be issued at any time. For more information regarding administrative policies, such as complaints and refunds, please contact us at 800.372.1033, or e-mail customercare@bna.com. Credits will not be issued for "no shows".
Chicago - Baker & McKenzie
300 East Randolph Drive
Chicago, IL 60601
Tel: 312.861.6580
Thursday July 11, 2013 8:00 a.m. Registration & Continental Breakfast 9:00 a.m. Chairman’s Introduction & Overview of IC- DISC 10:15 a.m. Coffee Break 10:30 a.m. Identifying Qualified Gross Receipts
12:00 p.m. Lunch 1:00 p.m. Identifying Qualified Assets in Addition to Export Property
2:00 p.m. Computation of DISC Income
3:15 p.m. Break 3:30 p.m. Foreign Tax Credit and Domestic Production Deduction Impact on DISC 4:15 p.m. State Tax Issues
4:45 p.m. Questions and Answers 5:00 p.m. Meeting Adjourns
Friday July 12, 2013 8:00 a.m. Continental Breakfast 8:30 a.m. Structuring Your IC- DISC
10:00 a.m. Break 10:15 a.m. Saving The Disqualified DISC
11:00 a.m. Review of DISC Return
12:00 a.m. Selected Topics / General Discussion / Wrap-UP
Bloomberg BNA is registered with the National Association of the State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses. Complaints regarding registered sponsors may be addressed to NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.
Bloomberg BNA will apply for continuing legal education credits in any state or jurisdiction where available. For more information, please contact Bloomberg BNA customer service at 800.372.1033 and ask to speak to the CLE Accreditations Coordinator, or email us at accreditations@bna.com .
Bloomberg BNA offers a hardship policy for attorneys earning less than $50,000 per year. If an attorney wishes to take advantage of this option, he or she must contact Bloomberg BNA directly. For attorneys who are unemployed or earning less than $35,000 per year, a full discount off the price of the program will be awarded upon written proof of hardship. Attorneys earning between $35,000 and $50,000 per year will receive a 50% discount off the price of the program. Any attorney working in the public service sector also qualifies for a special price. If you have further questions regarding the hardship policy or seek additional information, please contact Bloomberg BNA customer service at 800.372.1033 and ask to speak to the CLE Accreditations Coordinator, or email us at accreditations@bna.com.