A guide to the excise tax on ozone-depleting chemicals (ODCs)
The excise tax on ozone-depleting chemicals (ODCs) is a market-based approach to protecting the environment. It is also a significant source of unrealized income for the IRS, and businesses are increasingly facing audits to identify unpaid ODC excise tax.
Companies that use ODCs in the manufacture of goods—or that import products or components that are produced using ODCs—are subject to the tax. In this 14-minute presentation, Eric Perez demonstrates how the ODC excise tax is applied and what companies can do to compute the tax under more favorable methods and limit audit exposure.
Learn more about the planning strategies available to companies that work with ODCs or items containing ODCs.