1545-BJ66 202504 Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Inventory Price Index Computation (IPIC) Pooling for Manufactured and Resale Goods

These final regulations clarify that last-in, first-out taxpayers electing the Inventory Price Index Computation (IPIC) method to establish dollar-value pools must separately pool manufactured goods and goods purchased for resale. 

The IRS and Treasury solicited and received public comments on the proposed rule, and are reviewing and considering those comments, to include those submitted after the comment period closed on February 27, 2017.

 

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage No No Not subject to, not significant Not Yet Determined 26 U.S.C. 472 26 U.S.C. 7805 No NPRM 11/28/2016 81 FR 85450 NPRM Comment Period End 02/27/2017 Final Action 05/00/2026 REG-125946-10 (Final) Drafter attorney: Adam Kobler (202) 317-7007 Reviewer attorney: Andrew Braden (202) 317-7007 Treasury attorney: Heather Harman (202) 622-2623 and Dan Penrith (202) 679-2039 CC: ITA No None No No No No Adam Kobler Attorney 1545 Internal Revenue Service IRS 202 317-7007 adam.e.kobler@irscounsel.treas.gov 1111 Constitution Ave., NW, Washington DC 20224