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Event Date Thu Mar 18 EDT (over 1 year ago)
Location Webinar
Region All

Every C corporation that derives gross income from exports or foreign service activities should consider the foreign-derived intangible income (FDII) deduction. Join Elliott Davis and colleagues from the U.S. Commercial Service South Carolina via MS Teams for an informative session about FDII.

Discussion Topics Include:
• How the FDII incentive works within export and foreign-service industries
• How I.R.S. final FDII regulations benefit taxpayers
• Industry specific applications, including but not limited to, examples in the aerospace, automotive and chemical industries

Basic Qualifications to Participate:
• The Company must be a C-corporation business or a flow-through entity with ownership in a C-corporation
• Must have taxable income for the year when the deduction is claimed
• Sales/services must be to a foreign person and for foreign use/benefits foreign operations
• There is a basic cost to prepare the calculation – generally margin on foreign sales matters more than topline revenue, but typically we see businesses take advantage of this once they have ~$1M in gross foreign sale