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TREAS/IRS RIN: 1545-BI68 Publication ID: Fall 2013 
Title: Carryover of LIFO Inventory Layers Received in Nontaxable Transactions 
Abstract: Regulations under section 472 regarding dollar-value last-in first-out (LIFO) inventories, including rules for combining pools as a result of change in the method of accounting, certain corporate acquisitions, and certain nonrecognition transactions. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: Undetermined 
CFR Citation: 26 CFR 1   
Legal Authority: 26 USC 381(c)(5)-1    26 USC 472-1    26 USC 472-8    26 USC 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2013 
Additional Information: REG-117683-09 Drafting attorney: Leo F. Nolan II (202) 622-4970 Reviewing attorney: Martin Scully, Jr. (202) 622-4970 Treasury attorney: Scott Mackay (202) 622-3351 CC:ITA
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Leo F. Nolan II
General Attorney (Tax)
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-7007
Fax:202 317-4654
Email: leo.f.nolan@irscounsel.treas.gov

Martin Scully
Senior Counsel
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 4141,
Washington, DC 20224
Phone:202 317-7007
Fax:202 317-4654
Email: martin.s.scully@irscounsel.treas.gov