By Scott Lewis, CPA, MSAInventory Price Index Computation (IPIC) on LIFO for Automobile DealershipsIf an automobile dealership has elected New Vehicle LIFO (Last-in, First-Out), chances…
By Zach WimbergerFor dealers on the new vehicle Last-In, First-Out (LIFO) method, potentially significant levels of LIFO taxable income recapture from prior years have become…