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TREAS/IRS RIN: 1545-BJ66 Publication ID: Fall 2021 
Title: Inventory Price Index Computation (IPIC) Pooling for Manufactured and Resale Goods 
Abstract:

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.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 472    26 U.S.C. 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/28/2016  81 FR 85450   
NPRM Comment Period End  02/27/2017 
Final Action  03/00/2022 
Additional Information: REG-125946-10 (Final) Drafter attorney: Evan Hewitt (202) 317-4664 Reviewer attorney: Roy Hirschhorn (202) 317-4652 Treasury attorney: N/A CC:ITA
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Evan Hewitt
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-4664
Fax:855 576-2340
Email: evan.k.hewitt@irscounsel.treas.gov