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IRS Form 1120-IC-DISC Schedule Q Borrower's Certificate of Compliance With the Rules for Producer's Loan
What Is IRS Form 1120-IC-DISC Schedule Q?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on September 1, 2016. The document is a supplement to IRS Form 1120-IC-DISC, Interest Charge Domestic International Sales Corporation Return. As of today, no separate filing guidelines for the form are provided by the IRS.
FAQ
Q: What is IRS Form 1120-IC-DISC?
A: IRS Form 1120-IC-DISC is a tax form specifically designed for Interest Charge Domestic International Sales Corporations (IC-DISCs).
Q: What is Schedule Q?
A: Schedule Q is a part of IRS Form 1120-IC-DISC, specifically the Borrower's Certificate of Compliance With the Rules for Producer's Loan.
Q: What is an IC-DISC?
A: An IC-DISC is a special type of corporation that allows certain exporters to reduce their tax liabilities.
Q: What is a Producer's Loan?
A: A Producer's Loan is a loan made by the IC-DISC to its shareholders in order to finance qualifying export transactions.
Q: What information does Schedule Q require?
A: Schedule Q requires the borrower's name, tax identification number, and a detailed description of the producer's loans.
Form Details:
- A 1-page form available for download in PDF;
- Actual and valid for filing 2023 taxes;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 1120-IC-DISC Schedule Q through the link below or browse more documents in our library of IRS Forms.
