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IC-DISCS:
Practical Planning and Compliance Considerations for Closely-Held Exporters
A Live Two-Hour Audio Seminar from CCH
Tuesday, November 24, 2009 - 1 PM Eastern; Noon Central; 11 AM Mountain; 10 AM Pacific
Register Today for Only $249 Per Site and Have an Unlimited Number of Users Participate!
Invite Colleagues, Customers, Prospects and Business Referral Sources to Join You!
Learn How to Use IC-DISCs to Achieve Significant Tax Savings for U.S. Export Businesses
An Interest Charge-Domestic International Sales Corporation ("IC-DISC") allows closely-held exporters to use the current 15% tax rate on qualified dividends to create tremendous tax savings. With the continued global expansion of our economy and business generally, exports are increasingly necessary for survival--and with the potential extra savings the IC-DISC can provide, businesses can gain a competitive edge necessary in today’s challenging business and economic environment.
Presented by experienced international tax practitioner and former IRS transfer pricing specialist, Robert J. Misey, Jr., J.D., LL.M., M.B.A., this two-hour audio seminar offers a practical discussion on how to effectively use IC-DISCs to reduce U.S. taxes with new planning and structuring techniques -- and how to meet the compliance requirements of Form 1120-IC-DISC.
Professionals in public practice and in industry will benefit from this presentation and will obtain a practical understanding of IC-DISCs and how to effectively use them to achieve tax savings for export businesses. The presentation time will include ample opportunity for you to ask your IC-DISC export benefit questions directly to our distinguished presenter.
Program Topics
Among the areas Misey will discuss are:
- Tests to qualify as an IC-DISC
- Sales of export property by an IC-DISC
- Requirements — manufacturing, destination, content
- Determining and maximizing the IC-DISC benefit
- New structuring techniques, including:
- the use of trusts for C corporations;
- the use of IC-DISCs to compensate certain employees
- the use of IC-DISCs with IRAs
- How the potential future dividends tax rate increase may impact IC-DISCs
- Considerations in preparing the Form 1120-IC-DISC
Learning Objectives
- Obtain a comprehensive understanding of how IC-DISCs are taxed, how they work and possible structuring techniques that can be implemented
- Identify opportunities where IC-DISCs can be used to create tax benefits for export businesses
- Understand the tests and requirements for IC-DISCs
- Know the filing requirements for IC-DISCs and how to prepare the Form 1120-IC-DISC
Who Should Attend?
Corporate tax and finance executives, directors, managers and staff; CPAs, accountants, tax attorneys and business and financial advisors who work with and advise U.S. businesses with cross-border investments, operations and tax issues.
SPECIAL BONUS
Register today for this insightful program on Tuesday, November 24 at 1 PM Eastern, Noon Central; 11 AM Mountain; 10 AM Pacific.
About the Speaker:
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ROBERT J. MISEY, JR., J.D., LL.M., M.B.A.
Rob Misey is a shareholder with the law firm of Reinhart Boerner Van Deuren s.c. and co-chair of the firm’s International Department. He concentrates his practice in the areas of international taxation, transfer pricing and tax controversies, and works with a wide range of clients from a variety of industries including manufacturing, service, energy, retail and entertainment.
For U.S. based multinationals, Rob helps clients maximize foreign tax credits and avoid U.S. taxation of foreign earnings to reduce the client’s overall effective tax rate. For foreign owned clients, he coordinates with the client's global tax minimization strategy, using repatriation techniques to minimize U.S. withholding taxes. Rob’s significant transfer pricing experience allows him to assist multinational businesses with preparing documentation and negotiating Advance Pricing Agreements (APAs). He assists both U.S. and foreign investors in minimizing withholding taxes by taking advantage of applicable tax treaties and offshore corporations and trusts.
Rob's previous experience includes nine years as an attorney for the IRS. While he was with the IRS, he served as an international tax attorney in its Washington, D.C. national office, where he was a member of the APA team, and a trial attorney and international tax specialist in San Jose, California and the Southeast Region. He also managed the International Tax Services group for a region of a Big Five accounting firm.
Rob regularly shares his expertise and experience on international taxation with business and professional audiences at continuing education programs across the U.S., Puerto Rico, the U.S. Virgin Islands, Austria, Finland, the Czech Republic and Canada. He has published numerous articles and is a co-author to the treatise, U.S. Taxation of International Transactions, published by CCH. Rob also teaches international taxation at the Master of Tax program in the University of Wisconsin system.
Rob received his Juris Doctor and Master of Business Administration degrees from Vanderbilt University and his Master of Laws in Taxation, with high distinction, from Georgetown University, where he was the graduate student editor of The Tax Lawyer. A native of Milwaukee, Mr. Misey is licensed to practice in Wisconsin, California and the District of Columbia. His professional affiliations include membership in the Tax Section of the District of Columbia Bar Association. He is also a former Chair of the International Practice Section of the Wisconsin State Bar. |
How the Audio Seminar Works
CCH’s live audio seminars require nothing more than a telephone connection. For the single per-site fee, you can have an unlimited number of listeners at your site participate, get up to speed and in-the-know on important topics, and get special bonus publications included with the seminar. Handout materials are provided in PDF format that you can download and copy for all those who will participate in the seminar at your location.
Practice Development Tip! Invite colleagues, business referral sources, clients and prospects to your office to listen in and participate on this seminar with you. They’ll appreciate your invitation to hear directly about this important topic.
Visit CCHGroup.com/AudioSeminars for more audio seminar topics, dates and times!
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Earn CPE Credit
- Two hours of CPE credit are available for an additional $25 per person wishing to receive a CPE certificate for their participation
- Course Level: Intermediate
- NASBA Field of Study: Taxes
- Prerequisites: Basic understanding of U.S. international tax principles
- Learn More About CCH’s NASBA Registration
Special Bonus
Firms registering for this audio seminar will receive as a bonus the following publication:
Order CD Recordings of CCH Audio Seminars
If you are unable to attend this upcoming event and would like to order a recording—or if you would like to order recordings of past CCH Audio Seminars, please visit the CCH Audio Seminar Archive Library today.
Pricing:
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Site License: $249 — Registration includes one telephone connection at one location, one master set of handouts (with permission to make additional copies for the participants at your location), an unlimited number of people in one listening room can participate, and one seminar bonus publication per registered site. ($25 CPE fee additional for each person wishing to receive a CPE certificate for their participation.)
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CD Recording: $249 — The CD includes an audio recording of the event and handout materials in PDF format. Includes copy of seminar bonus publication with purchase. Available one week after the live audio seminar event. (Note: CPE credit is not available for the CD version of the presentation.)
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Site License and CD Recording Package: $349 — This specially-priced package provides you with the Site License access to the live audio seminar event AND the CD Recording.
Our Guarantee
If for any reason you are not completely satisfied with this program, we will provide a full refund - no questions asked!
Register Today for Only $249 Per Site and Have an Unlimited Number of Users Participate!
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