All gross receipts from products and services giving rise to the IC-DISC commission must be qualified according to the requirements set forth in the Internal Revenue Code §993. Further guidance is outlined in the related regulations, §1.993, as well. However, […]
Our next 10 blogs will feature the 10 Deadly Sins of IC-DISC – stay tuned for the most common mistakes DISC users make and overlook that can be detrimental to this incentive.
Deadly Sin #1: Incorporation Tragedies…what to do and what […]
Just to recap on the last blog, deferred income in an IC-DISC account is subject to an interest charge. This interest charge is typically minimal, especially when accounting for the deemed dividend threshold. The deemed dividend was put in place […]
As a refresher, the ‘IC’ of IC-DISC stands for ‘interest charge’. This interest charge was intended to hinder IC-DISC owners from continuously deferring large amounts of income. Essentially, since the addition of the interest charge, the IC-DISC shareholder is paying […]
The Internal Revenue Service recently released an audit technique guide dedicated to the examination of Form 1120-IC-DISC. The purpose of audit technique guides is to provide a general outline for IRS field examiners during audits. A guide is essential given […]
By Jamie Bond, Senior Associate at alliantgroup
Welcome to alliantgroup’s blog dedicated to educating U.S. exporters! We hope you will find valuable information here relating to the export industry. Headquartered in Houston, Texas, we are a leading national provider of powerful […]