Form 1120-IC-DISC — Interest Charge Domestic International Sales Corporation Return

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f1120icd.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

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(Rev. December 2025)

Department of the Treasury Internal Revenue Service

Go to www.irs.gov/Form1120ICDISC for instructions and the latest information.

OMB No. 1545-0123

For calendar year 20 , or tax year beginning , 20 , and ending , 20 .

(2) Enter the following for any corporation listed in G(1) that will report the IC-DISC’s income: Tax year of first corporation IRS Service Center where return will be filed

Tax year of second corporation IRS Service Center where return will be filed

H(1) Check the appropriate box(es) to indicate any intercompany pricing rules that were applied to 25%-or-more of gross income (line 1 below):

50-50 combined taxable income method 4% gross receipts method Section 482 method (“arm’s-length pricing”) (2) Check here if the marginal costing rules under section 994(b)(2) were applied in figuring the combined taxable income for any transactions.

All Computations Must Reflect Intercompany Pricing Rules if Used (Section 994)

See separate Schedule P (Form 1120-IC-DISC).

Taxable Income

Form 1120-IC-DISC (Rev. 12-2025) Page 2 Schedule A Cost of Goods Sold (see instructions) If the intercompany pricing rules of section 994 are used, reflect actual purchases from a related supplier at the transfer price determined under such rules. See separate Schedule P (Form 1120-IC-DISC).

1 Inventory at beginning of the year . . . . . . . . . . . . . . . . . . . . . . 1 2 Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Additional section 263A costs (attach statement) . . . . . . . . . . . . . . . . . . 4 5 Other costs (attach statement) . . . . . . . . . . . . . . . . . . . . . . . 5 6 Total. Add lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Inventory at end of the year . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on line 2, page 1 . . . . . . . . 8 9a Check all methods used for valuing closing inventory:

(i) Cost (ii) Lower of cost or market (iii) Other (Specify method used and attach statement.) b Check if there was a writedown of subnormal goods . . . . . . . . . . . . . . . . . . . . . . . . c Check if the LIFO inventory method was adopted this tax year for any goods. If checked, attach Form 970 . . . . . . . d If the LIFO inventory method was used for this tax year, enter amount of closing inventory computed

Form 1120-IC-DISC (Rev. 12-2025) Page 3 Schedule C Dividends, Inclusions, and Special Deductions (see instructions)

1 Export promotion expenses: a Market studies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a b Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b c Depreciation. Attach Form 4562 . . . . . . . . . . . . . . . . . . . . . . . 1c d Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . . 1d e Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f Sales commissions . . . . . . . . . . . . . . . . . . . . . . . . . . . 1f g Warehousing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1g h Freight (excluding insurance) . . . . . . . . . . . . . . . . . . . . . . . . 1h i Compensation of officers . . . . . . . . . . . . . . . . . . . . . . . . . 1i j Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . 1j k Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . . . 1k l Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . 1l m Other (list):

1m n Total. Add lines 1a through 1m . . . . . . . . . . . . . . . . . . . . . . . 1n

Form 1120-IC-DISC (Rev. 12-2025)

Form 1120-IC-DISC (Rev. 12-2025) Page 4 Schedule E Deductions (Before completing, see Limitations on Deductions in the instructions.) (continued) 2 Other expenses not deducted on line 1: a Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a b Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b c Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . 2c d Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2d e Freight . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Freight insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 2f g Other (list):

2g h Total. Add lines 2a through 2g . . . . . . . . . . . . . . . . . . . . . . . 2h 3 Total deductions. Add lines 1n and 2h. Enter here and on line 4, page 1 . . . . . . . . . . 3 Schedule J Deemed and Actual Distributions and Deferred DISC Income for the Tax Year

Part I—Deemed Distributions Under Section 995(b)(1) (see instructions)

1 Total qualified export receipts (see instructions) . . . . . . . . . . . . . . . . . . 1 2 Statutory maximum . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 10,000,000 3 Controlled group member’s portion of the statutory maximum . . . . . . . . . . . . . 3 4 Enter smaller of ( a ) 1 or ( b ) number of days in tax year divided by 365 (or 366). See instructions . . . 4 5 Proration. Multiply line 2 or 3, whichever is applicable, by line 4 . . . . . . . . . . . . . 5 6 Excess qualified export receipts. Subtract line 5 from line 1. (If line 5 exceeds line 1, enter -0here and on line 7 below.) . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Taxable income attributable to line 6 receipts. Enter here and on line 5 of Part I above . . . . . . 7 Part III—Deemed Distributions Under Section 995(b)(2) (see instructions) 1 Annual installment of distribution attributable to revocation of election in an earlier year . . . . . . 1 2 Annual installment of distribution attributable to not qualifying as a DISC or IC-DISC in an earlier year . 2 3 Total deemed distributions under section 995(b)(2). Add lines 1 and 2 . . . . . . . . . . 3

Form 1120-IC-DISC (Rev. 12-2025)

Form 1120-IC-DISC (Rev. 12-2025) Page 5 Schedule J Deemed and Actual Distributions and Deferred DISC Income for the Tax Year (continued)

Part IV—Actual Distributions (see instructions)

Form 1120-IC-DISC (Rev. 12-2025)

Form 1120-IC-DISC (Rev. 12-2025) Page 6

1 See the instructions and enter the product code and percentage of total export gross receipts for ( a ) the largest and ( b ) 2nd largest product or service sold or provided by the IC-DISC:

(a) Code Percentage of total % (b) Code Percentage of total % 2 Export gross receipts for the current tax year

Export gross receipts of related U.S. persons (a) Export gross receipts of the IC-DISC

(b) Related IC-DISCs (c) All other related U.S. persons

3 If item 2(b) or 2(c) is completed, complete the following (If more space is needed, attach a statement following the format below.):

(a) IC-DISCs in Your Controlled Group

Name Address Identifying number

(b) All Other Related U.S. Persons in Your Controlled Group

If the answer to any of the questions in 6 is “Yes,” see instructions and Form 5713 , International Boycott Report.

Form 1120-IC-DISC (Rev. 12-2025)

Form 1120-IC-DISC (Rev. 12-2025) Page 7

If “Yes,” enter: a Percentage owned and b Owner’s country

c The corporation may have to file Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business. Enter number of Forms 5472 attached

Note: If the IC-DISC, at any time during the tax year, had assets or operated a business in a foreign country or U.S. territory, it may be required to attach Schedule N (Form 1120), Foreign Operations of U.S. Corporations, to this return. See Schedule N for details.

Form 1120-IC-DISC (Rev. 12-2025)