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TREAS/IRS RIN: 1545-BJ66 Publication ID: Fall 2024 
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. 

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.

 

 
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  11/00/2025 
Additional Information: REG-125946-10 (Final) Drafter attorney: Mia Romano (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
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:
Mia C Romano
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Ave,NW,
Washington, DC 20024
Phone:202 317-7007
Email: mia.c.romano@irscounsel.treas.gov