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New requirement to keep Responsible Party Information Current with the IRS

Posted by Ronald Henderson on

Every time a new entity has been formed or an individual has started his or her initial trade or business since January 2010, and an Employer Identification Number (“EIN”) has been secured from the IRS for such entity or individual, the Form SS-4, Application for Employer Identification Number (EIN), has required the designation of a […]

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IC-DISCS AND THE TAX SAVINGS FOR U.S. EXPORTERS

Posted by Dowling Aaron on

The implementation of IC-DISCs saves growers, food manufacturers, and other exporters of U.S. goods and services millions of dollars in federal income tax each year. By way of example, a California exporter with $1,000,000 in taxable income from qualified export sales, could save more than $95,000 each year in federal income tax. What follows is […]

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