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TREAS/IRS | RIN: 1545-BI68 | Publication ID: Fall 2023 |
Title: Combining Dollar-Value Last-In, First Out Inventory Pools | |
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. Treasury is considering whether it can achieve relevant statutory objectives at a lower cost than may be current practice. |
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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 |
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Timetable:
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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 Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Washington, DC 20224 Phone:202 317-7007 Fax:855 576-2340 Email: andrew.s.braden@irscounsel.treas.gov 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 Email: christina.a.morrison@irscounsel.treas.gov |