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TREAS/IRS RIN: 1545-BI68 Publication ID: Fall 2023 
Title: Combining Dollar-Value Last-In, First Out Inventory Pools 

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.  Treasury is considering whether it can achieve relevant statutory objectives at a lower cost than may be current practice.

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: No 
CFR Citation: 26 CFR 1   
Legal Authority: 26 U.S.C. 381(c)(5)-1    26 U.S.C. 472-1    26 U.S.C. 472-8    26 U.S.C. 7805    26 U.S.C. 472-7   
Legal Deadline:  None
Action Date FR Cite
NPRM  12/00/2023 
Additional Information: REG-117683-09 (NPRM) LIFO LAYERS Drafter attorney: Andrew S. Braden (202) 317-7007 Reviewer attorney: Christina Morrison (202) 317-4430 Treasury attorney: Timothy Powell (202) 923-8059 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:
Andrew S. Braden
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-7007
Fax:855 576-2340

Christina A. Morrison
Senior Technician Reviewer
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 4131,
Washington, DC 20224
Phone:202 317-4430
Fax:855 576-2340