IC-DISC: Compliance Challenges in the Federal Tax Break for Exporters

Duration: 60 Minutes
This course will give you the understanding of how IC-DISCs operate and prepare you for challenges in tax compliance and tax planning with IC-DISCs. Accounting professionals and corporate tax specialists need both an overview of important aspects of IC-DISCs and of the latest guidance and rulings, and perspectives from tax advisors who have worked with IC-DISC structures for years and assisted clients' with their toughest problems.
IC-DISC Compliance Challenges
Instructor: Mark A. Loyd
Product ID: 501844
Objectives of the Presentation
The speaker will guide you through issues including:
  • Potential tax savings for DISC structures considering the federal dividend tax rate and Medicare tax
  • IC-DISC requirements, including export property, export sales, and other aspects of the IC-DISC rules
  • Steps to consider in improving liquidity for owners of companies with IC-DISCs
Upon completing this webinar, you will have an improved understanding of the fundamental aspects of IC-DISCs and familiarity with compliance challenges that lie behind the details.

Why Should you Attend
The now permanent 20% federal tax rate on dividends has sparked renewed interest in one of the few remaining tax reduction strategies available specifically for U.S. businesses with export income: IC-DISC (interest charge-domestic international Sales Corporation).

Tax planning opportunities have increased interest in issues such as whether DISC dividends also are subject to the new 3.8% Medicare tax on unearned income. These types of issues contribute to higher-level compliance challenges facing businesses that take advantage of IC-DISCs to leverage additional income and cash flow from their exports.

Areas Covered
  • Background and tax benefits of IC-DISCs
    • Applicable IRC sections
    • Tax Court decisions and IRS guidance
  • Planning opportunities and issues arising from the dividend tax rate and 3.8% Medicare tax
    • Which DISC structures can argue they aren't subject to Medicare tax?
  • Higher-level compliance issues arising from aspects such as:
    • Ownership structures
    • Deemed distributions
    • Benefits
Who will Benefit
  • CPA
  • CFO
  • Controller
  • Treasurer
  • Exporters
  • Manufacturers
  • Distributors
$300
Recorded Session for one participant
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How it works
Live Session - How it works
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  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
MARK A. LOYD, ESQ., is a partner and Chair of the Tax and Employee Benefits Group of Bingham Greenebaum Doll LLP, a regional business law firm with offices in Kentucky, Indiana and Ohio. His areas of practice concentration are state, local and federal taxation, tax litigation, tax controversy resolution and tax planning for multistate and multinational companies. He is licensed to practice law in Kentucky, Indiana, Ohio and Tennessee. Prior to joining BGD, Mr. Loyd managed the state and local tax function for a multi-state, multi-billion dollar manufacturing corporation. Mr. Loyd is also a Certified Public Accountant, having begun his career with Coopers & Lybrand, now PricewaterhouseCoopers.

Mr. Loyd is the Co-Chair of the ABA/IPT Advanced Property Tax Seminar, Co-Chair of IPT's Basic Income Tax School, Chair of the Kentucky Society of CPA's Taxation Committee, and Chair of the Editorial Board of The Kentucky CPA Journal, among other endeavors. Mr. Loyd also serves as the Chair of the Board of Directors of Park Community Credit Union, an $800 million dollar financial institution. He is a past Chair of the Tax Section of the Kentucky Bar Association, a past Chair of the Tax Section of the Louisville Bar Association, a former member of the KyCPA's Board of Directors, and former Chair of the KyCPA Educational Foundation. Mr. Loyd is the 2015 recipient of the IPT New Member Achievement Award.

He has written extensively on tax matters in publications such as State Tax Notes, The Tax Lawyer, the Journal of State Taxation, and The Kentucky CPA Journal. He has been a speaker and panelist on various tax matters at conferences, forums and for groups such as IPT, American Bar Association, the Federation of Tax Administrators, Council on State Taxation, the Ohio Tax Conference and others.

He received his J.D. degree, magna cum laude, from the University of Louisville's Louis D. Brandeis School of Law, where he was Class Salutatorian. He also has an M.B.A., with distinction, from the University of Louisville and is a graduate of Bellarmine University where he received his B.A. in Accounting, summa cum laude.
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