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International Trade Center at SIUE plans breakfast session on tax breaks for exporters

 

From Illinois Business Journal news services

EDWARDSVILLE — The Illinois SBDC International Trade Center at SIUE will present another in its Trade Breakfast Series: “IC-DISC: The Big Tax Break for U.S. Based Exporting Businesses. Learn How to Use it to Achieve Significant Tax Savings.”

The event is Tuesday, March 22, from 9 to 11 a.m., with 8:30 a.m. registration and networking breakfast at Southern Illinois University Edwardsville, Morris Center-International room (second level)

Fee is $35 and registration is required

Presenter is Omar D. Malik, an attorney at Goldenberg, Heller & Antognoli, P.C. in Edwardsville. Malik has an extensive background in cross-border and domestic tax advisory and compliance issues. He has advised public companies and privately held family owned businesses on tax issues involving various entity types including partnerships, corporations, S-Corporations and Limited Liability Companies.

The seminar will highlight a federal tax savings incentive known as IC-DISC that is available to businesses exporting products outside the United States. The benefits and requirements of the IC-DISC will be presented along with examples.

Topics that will be covered include:

• What is an IC-DISC?
• How do the Federal IC-DISC rules benefit owners of exporting businesses?
• What are the requirements to qualify as an IC-DISC?
• Examples of IC-DISC structures and potential tax savings

There will be a Q & A and the opportunity of speaking with the presenter at the end of the program.
The event is intended for company presidents, CEOs, vice presidents, CFOs, accountants, export managers and compliance managers.

To register, go to the website at http://www.siue.edu/business/itc/

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