I am looking for information on the LIFO method of inventory valuation for tax purposes. Specifically I want to know the rules and methodology for adjusting the historical value of inventory (by changing the indexes)that has been deferred. Thank you for any information on this subject that you provide.
Good lord, what a question,see code sections 472 through 474 and the corresponding regulations also Form 970 application to use LIFO might help, also i think code 263A and the regs would have something too.Good luck, i know i would need it
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