The Interest Charge-Domestic International Sales Corporation (IC-DISC) is a widely available IRS-approved export incentive that provides permanent tax savings to companies exporting goods made in the USA. Federal tax savings result when income is taxed at the qualified dividend rate rather than ordinary tax rates. The IC-DISC is surprisingly easy to maintain and is not a taxable entity. This course covers fundamental concepts of the IC-DISC as well as calculation techniques to maximize the tax benefit for your clients.
Requirements and Eligibility
Calculations / Maximizing Tax Benefits
Phil Dottavio is a Director with Think, LLP and has over 25 years of taxation experience, including 7 years with two of the Big Four accounting firms and over 15 years in private industry, and several years in leadership and advisory roles at a number of specialty tax firms. In addition, he has authored several published articles and has been a frequent speaker at CPE events, and has served as an adjunct accounting professor at Cleveland State University and Brown Mackey College. Phil is a Certified Public Accountant in the state of Ohio and is also an Enrolled Agent. He holds a B.B.A. in accounting from Kent State University, Summa Cum Laude, and received his Master of Taxation from the University of Denver Sturm College of Law.