Financial Firm Wilmington Pike Glen Mills PA IRS Proposes Rules on LIFO Pooling On November 28, 2016, the Internal Revenue Service (IRS) issued proposed rules relating to the establishment of dollar-value last-in, first-out (LIFO) inventory pools by certain taxpayers that use the inventory price index computation (IPIC) pooling method. The proposed regulations provide that when the IPIC pooling method is used, purchased inventory goods and produced inventory goods may not be included in the same IPIC LIFO pool. Source link Tags: retirement,business,financial,services,insurance,glen mills,middletown de,wilmington pike,financial consultant... Tags: retirement,business,financial,services,insurance,glen mills,middletown de,wilmington pike,financial consultant
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