IRS Issues Revenue Ruling on Section 995 - Taxation of DISC Income to Shareholders
December 02, 2025
December 02, 2025
WASHINGTON, Dec. 2 -- The Internal Revenue Service issued the following revenue ruling (No. 2025-23) on Dec. 1, 2025, entitled "Section 995.--Taxation of DISC Income to Shareholders".
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Section 995(f)(1) of the Internal Revenue Code provides that a shareholder of a domestic international sales corporation ("DISC") shall pay interest for each taxable year in an amount equal to the product of the "shareholder's DISC-related deferred tax l . . .
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Section 995(f)(1) of the Internal Revenue Code provides that a shareholder of a domestic international sales corporation ("DISC") shall pay interest for each taxable year in an amount equal to the product of the "shareholder's DISC-related deferred tax l . . .