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Form 1120-ICD: 1120-IC-DISC
IRS Form 1120-IC-DISC is an information return filed by interest charge domestic international sales corporations (IC-DISCs), former DISC, and former IC-DISCs. The form must be filed by the 15th day of the 9th month after the tax year ends.
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IRS Form 1120-ICD - 1120-IC-DISC
IRS Form 1120-IC-DISC is an information return filed by interest charge domestic international sales corporations (IC-DISCs), former DISC, and former IC-DISCs. The form must be filed by the 15th day of the 9th month after the tax year ends.
Risk Radar
Scan points- 1Ensure required supporting forms (Form 8992 or Form 8993) are attached, as these figure out NCTI/FDDEI amounts.
- 2Filing without completing Schedules J, L, and M of Form 1120-IC-DISC for former filers.
- 3Failure to attach Form 8992 when calculating Net CFC Tested Income (NCTI).
- 4Omitting the required tax year information in the space provided at the top of the form.
- 5Not providing a copy of the return to the taxpayer if the preparer is paid.
Plain English
This form reports financial details for specific types of domestic corporations that operate internationally. It tracks how income is earned and distributed to ensure compliance with IRS rules. Filing this form helps establish the company's tax status related to international sales.
Submission Date
- Filing date: 2026-01-29 17:10:43
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when filing as an interest charge domestic international sales corporation (IC-DISC), a former DISC, or a former IC-DISC.
- Do not use it when the filer is not an IC-DISC, former DISC, or former IC-DISC.
- Check Form 8992 or Form 8993 instead when calculating Net CFC Tested Income (NCTI) or eligible deductions for Foreign-Derived Deduction Eligible Income (FDDEI).
Form selector
Use this form or another form?
The election status is former DISC or former IC-DISC
These schedules must be completed; write “Former DISC” or “Former IC-DISC” across the top of the return.
✓ Check instructions for specific schedule requirements.
Schedule J, L, and M of Form 1120-IC-DISC
To calculate Net CFC Tested Income (NCTI)
Use Form 8992 to figure NCTI, formerly GILTI, under section 951A and attach it to Form 1120-IC-DISC.
✓ Check the IRS website for Form 8992.
To calculate eligible deduction for Foreign-Derived Deduction Eligible Income (FDDEI)
Use Form 8993 to figure the amount of the eligible deduction for FDDEI, formerly FDII, and NCTI under section 250 and attach it to Form 1120-IC-DISC.
✓ Check the IRS website for Form 8993.
Deadline or filing window
The deadline for filing is the 15th day of the 9th month after the IC-DISC’s tax year ends. No extensions are allowed for this form. If the due date falls on a Saturday, Sunday, or a legal holiday, the corporation may file on the next business day.
Checklist
What you need before filling it out
Filing Entity
Must be a domestic corporation organized under the laws of a state or the District of Columbia · Instructions p.1
IC-DISC Election Status
Filing Form 4876-A, Election To Be Treated as an Interest Charge DISC (IRS.gov/Form4876A) · Instructions p.1
IC-DISC Qualification Test
At least 95% of gross receipts during the tax year are qualified export receipts · Instructions p.1
Taxable Income Calculation
Schedules J, L, and M of Form 1120-IC-DISC and Schedule K (Form 1120-IC-DISC) · Instructions p.2
Direct Deposit Information
Lines 8b, 8c, and 8d on Form 1120-IC-DISC · Instructions p.1
Before you submit
- 1Confirm that the IC-DISC election was made by filing Form 4876-A.
- 2Verify that the corporation meets all three requirements: 95% qualified export receipts, 95% asset basis, and minimum stock value of $2,500.
- 3If applicable, complete and attach Form 8404 for the interest charge on DISC-Related Deferred Tax Liability.
- 4For former status filers, write “Former DISC” or “Former IC-DISC” across the top of the return.
- 5Complete Forms 8992 and/or Form 8993 if calculating NCTI or FDDEI for attachment to Form 1120-IC-DISC.
- 6Ensure the filing date is no later than the 15th day of the 9th month after the tax year ends.
- 7Keep a copy of the filed return and any confirmation number.
How to file this form
- 1Gather all required supporting forms, including Form 8404, Form 8992, or Form 8993, based on the IC-DISC status and election history.
- 2Complete the identifying information (Name, Address, EIN) and the total assets section of Form 1120-IC-DISC.
- 3Calculate taxable income by completing Schedules J, L, and M, along with Schedule K, if applicable to former filers.
- 4Submit the completed Form 1120-IC-DISC, along with all required attachments, by the 15th day of the 9th month after the tax year ends, retaining proof of mailing or electronic submission.
Known limitations
- 1A former DISC or former IC-DISC need to complete Schedules J, L, and M of Form 1120-IC-DISC and Schedule K (Form 1120-IC-DISC), but do not need to complete lines 1 through 8 on page 1 and the schedules for figuring taxable income.
- 2When property is transferred to a corporation subject to section 362(e)(2), the transferor and the acquiring corporation may elect, under section 362(e)(2)(C), to reduce the transferor’s basis in the stock received instead of reducing it.
- 3The trust fund recovery penalty may be imposed on all persons determined by the IRS to have been responsible for collecting, accounting for, and paying over certain taxes if they acted willfully in not doing so.
Field map
Compact field-by-field guide
Entity Info
2 items
Full legal name of the corporation and its Employer Identification Number.
Current mailing address and date of incorporation.
Income
3 items
Total revenue from business operations before deducting costs.
Direct costs attributable to producing goods sold by the corporation.
Gross receipts minus cost of goods sold and returns/allowances.
Deductions
1 items
Sum of all business expenses including compensation, rent, interest, taxes, and depreciation.
Tax
2 items
Total income minus total deductions.
Tax calculated on taxable income using the applicable corporate tax rate, minus any credits.
Signatures
1 items
An authorized corporate officer must sign and date the return.
Almost done reviewing the fields?
Fillable formOpen in Editor->The current edition is December 2025, and users should visit IRS.gov/Form1120ICDISC for the latest information regarding this form. Changes effective January 1, 2026, rename Global Intangible Low-Taxed Income (GILTI) to Net CFC Tested Income (NCTI) and Foreign-Derived Intangible Income (FDII) to Foreign-Derived Deduction Eligible Income (FDDEI).
What changed or needs a fresh check
- Edition date — confirm the revision date reads December 2025.
- Filing deadline — verify filing must occur by the 15th day of the 9th month after the IC-DISC’s tax year ends.
- Form status — check that the filer is an IC-DISC, former DISC, or former IC-DISC to determine required schedules.
- Required documentation — confirm Form 8404 (Interest Charge on DISC-Related Deferred Tax Liability) if section 995(f) applies.
Quick Facts
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After you file
- 1If receiving a notice about penalty and interest after filing Form 1120-IC-DISC, send an explanation to determine if reasonable-cause criteria are met.
- 2File Form 1120-IC-DISC by the 15th day of the 9th month after the IC-DISC’s tax year ends; no extensions are allowed.
- 3Be aware that penalties may apply, including $100 for each instance of not providing required information (up to $25,000 during the calendar year) or $1,000 for not filing a return.
- 4Attach all schedules and other forms after the last page of Form 1120-IC-DISC in the following order: Schedule N (Form 1120), Form 4136, Schedule D (Form 1120), Form 8992, Form 8993, followed by additional schedules in alphabetical order and additional forms in numerical order.
Sources
- SRCInstructions p.2 — Former DISC or former IC-DISC must complete Schedules J, L, and M of Form 1120-IC-DISC and Schedule K (Form 1120-IC-DISC), but not lines 1 through 8 on page 1 and the schedules for figuring taxable income.
- SRCInstructions p.3 — All schedules and other forms must be attached after the last page of Form 1120-IC-DISC, in a specific order: Schedule N (Form 1120), Form 4136, Schedule D (Form 1120), Form 8992, Form 8993, additional schedules alphabetically, and additional forms numerically.
- SRCInstructions p.7 — If the amended return changes the income or distributions of income to shareholders, an amended Schedule K (Form 1120-IC-DISC) must be filed with the amended Form 1120-IC-DISC and given to each shareholder.
- SRCInstructions p.7 — If a change in address or responsible party occurs after the return is filed, use Form 8822-B, Change of Address or Responsible Party—Business.
- SRCInstructions p.5 — Export Promotion Expenses are expenses incurred to help distribute or sell export property for use or distribution outside the United States and do not include income tax but do include 50% of the cost of shipping the export property on U.S.-owned and U.S.-operated aircraft or ships.
- SRCInstructions p.6 — The trust fund recovery penalty may be imposed if a person was responsible for collecting, accounting for, and paying over certain taxes and acted willfully in not doing so.
Common confusion points
What must I write across the top of my corrected Schedule K if it changes income or distributions?
Write “AMENDED” across the top of the corrected Schedule K you give to each shareholder.
Do I have to complete every entry space on Form 1120-IC-DISC?
Complete every applicable entry space on Form 1120-IC-DISC; do not enter “See Attached” or “Available Upon Request” instead of completing the entry spaces.
What forms must be attached after the last page of Form 1120-IC-DISC?
Attach all schedules and other forms in a specific order: Schedule N (Form 1120), Form 4136, Schedule D (Form 1120), Form 8992, Form 8993, additional schedules alphabetically, and additional forms numerically.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Use Form 8822-B, Change of Address or Responsible Party—Business, if there is a change in address or responsible party after filing the return.
Questions about IRS Form 1120-ICD
What is IRS Form 1120-ICD used for?
This form reports financial details for specific types of domestic corporations that operate internationally. It tracks how income is earned and distributed to ensure compliance with IRS rules. Filing this form helps establish the company's tax status related to international sales.
Who must file IRS Form 1120-ICD?
Interest charge domestic international sales corporations (IC-DISCs), former DISC, and former IC-DISCs must file Form 1120-IC-DISC.
What information does IRS Form 1120-ICD require?
The form collects information regarding the corporation’s tax year, name, address, and foreign addresses. Former DISC or former IC-DISC filers must complete Schedules J, L, and M of Form 1120-IC-DISC and Schedule K (Form 1120-IC-DISC).
When is IRS Form 1120-ICD due?
The form is due by the 15th day of the 9th month after the IC-DISC’s tax year ends.
Where do I file IRS Form 1120-ICD?
To find the correct address for filing, one must go to Examples for returns beginning with a number, then under Find forms that begin with numbers, click on 1, and look for the specific form number.
How do I complete IRS Form 1120-ICD?
If using Form 1120-IC-DISC, former DISC or former IC-DISC filers must complete Schedules J, L, and M, along with Schedule K. Any paid preparer must sign the return in the space provided for the preparer’s signature and give a copy of the return to the taxpayer.
What happens if IRS Form 1120-ICD is filed incorrectly?
Failure to file results in penalties, including $1,000 for not filing a return. The IC-DISC may also pay up to $25,000 for each instance of not providing required information during the calendar year.
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