MORRISVILLE, NC - In partnership with Earney & Company, L.L.P (http://earneynet.com), Revolution Law co-hosted a workshop titled "Tax Strategies for Exporters: IC-DISC Workshop" on December 14, 2016 at the Morrisville Chamber of Commerce. Interest Charge Domestic International Sales Corporations (IC-DISC) entities provide tax benefits to companies that manufacture goods in the U.S. and export internationally.
Henry Kopf, founder of Revolution Law, and Chad Wouters, partner and CPA at Earney & Company, presented on the accounting and legal aspects of properly forming an IC-DISC entity. "Given the number of companies in the Research Triangle Park that manufacture locally and export goods overseas, this workshop was an excellent opportunity for Henry and I to educate companies on the benefits of this tax saving strategy created under the Internal Revenue Code," said Chad Wouters.
IC-DISC entities have been around for decades but many companies are unaware of their existence and the tremendous tax savings they provide to major exporters. The workshop focused on the features of using IC-DISC entities and the practical strategies to properly form and operate IC-DISC entities in relation to the operating company. For more details on IC-DISC entities, please contact the attorneys at Revolution Law.