AICPA - American Institute of Certified Public Accountants
05/19/2026 | Press release | Distributed by Public on 05/20/2026 07:01
AICPA Comment Letter IPIC Relief LIFO
In a letter submitted to the Treasury and Internal Revenue Service (IRS), the AICPA asked for guidance providing automatic consent procedures for taxpayers seeking to change from the inventory price index computation (IPIC) method to an internal index method to compute inflation indexes under the last-in, first-out (LIFO) inventory method.
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