This is an information return filed by interest charge domestic international sales corporations (IC-DISCs), former DISCs, and former IC-DISCs.
Current revision
Recent developments
Threshold for the gross receipts test on Form 1120-IC-DISC, Schedule O increased to $27 million for 2022 and $29 million for 2023 -- 30-April-2024
Schedules
Filers of Schedule K (Form 1120-IC-DISC), Shareholder's Statement of IC-DISC Distributions, use this schedule to report an actual or deemed distribution from an IC-DISC, former IC-DISC, or former DISC. It also reports deferred DISC income from an IC-DISC.
Filers of Schedule P (Form 1120-IC-DISC), Intercompany Transfer Price or Commission, use this schedule to show the computation of taxable income used in computing the transfer price from a related supplier to an IC-DISC, or the IC-DISC commission from a related supplier.
Filers of Schedule Q (Form 1120-IC-DISC), Borrower’s Certificate of Compliance With the Rules for Producer’s Loans, use this schedule to certify that the loan received from the IC-DISC qualifies as a producer’s loan.
Other items you may find useful
All Form 1120-IC-DISC revisions
About Form 4876-A, Election to Be Treated as an Interest Charge DISC
About Form 8404, Interest Charge on DISC-Related Deferred Tax Liability
About Form SS-4, Application for Employer Identification Number (EIN)
About Form 8822-B, Change of Address or Responsible Party – Business
Guide to business expense resources
Related
About Form 1120, U.S. Corporation Income Tax Return
About Form 970, Application to Use LIFO Inventory Method
About Form 3115, Application for Change in Accounting Method
About Form 5471, Information Return of U.S. Persons With Respect To Certain Foreign Corporations
About Form 5713, International Boycott Report
About Form 8990, Limitation on Business Interest Expense Under Section 163(j)
About Form 8992, U.S. Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI)