X hits on this document

218 views

0 shares

0 downloads

0 comments

18 / 64

I.

DEALER TAX WATCH

INDEX OF ARTICLES: JUNE, 1994 - DECEMBER, 2009

PAGE 18

ACCOUNTING & TAX ISSUES (continued)

INVENTORIES (continued)

LIFO - FINANCIAL STATEMENT CONFORMITY REQUIREMENTS

IRS Vehicle Industry Specialist Comments on Conformity.......................................... Medium- & Heavy-Duty Truck Dealers Get Relief for LIFO Conformity Violations..

Rev. Proc. 98-46 … At A Glance, Key Terms & Important Dates ................. PG .. Auto Dealer LIFO Conformity Penalty Tax: Countdown to May 31, 1998................. Rev. Proc. 97-44 Penalty Tax … Additional Problems & Unanswered Questions.......

NADA’s Dealer Guide to the LIFO Conformity Settlement.................................... Suggestions for Dealing with Rev. Proc. 97-44....................................................... Current Hot and Emerging Tax Issues .......................................................................... LIFO Conformity Update.............................................................................................. Used Car Write-Downs & LIFO Procedures (from IRS Used Car Audit Guide)*........ LIFO Conformity: Calendar Year Dealerships (Flowchart)................................ PG .. LIFO Conformity: Fiscal Year Dealerships (Flowchart)..................................... PG .. LIFO Elections Terminated by Recent Letter Rulings:

December, 1998.........pg. 5 September, 1998 ........pg. 25 September, 1998 ........pg. 26

March, 1998...............pg. 22 December, 1997.........pg. 28 December, 1997.........pg. 29 December, 1997.........pg. 31 December, 1996.........pg. 4 December, 1996.........pg. 10 September, 1996 ........pg. 23 September, 1995 ........pg. 22 September, 1995 ........pg. 23

Why Congress or the Commissioner Should Intervene ........................................... Termination Traps in Dealers’ Factory Financial Statements .......................................

September, 1995 ........pg. 21 December, 1994.........pg. 20

LIFO - 2009 YEAR-END PLANNING FOR DEALERS

Year-End Planning for Dealers on LIFO ...................................................................... IRS Guidance on Section 481(a) Adjustment Issues … ILM 200935024 ............... For Dealerships Staying on LIFO for 2009 ............................................................. Where Significant Reductions in Inventory Levels Are Expected at Year-End ...... For Dealerships Terminating LIFO Elections..........................................................

Year-End, 2009..........pg. 34 Year-End, 2009..........pg. 35 Year-End, 2009..........pg. 41 Year-End, 2009..........pg. 43 Year-End, 2009..........pg. 44

LIFO - CHANGES IN LIFO INVENTORY ACCOUNTING METHODS

Revised Procedures for Securing Automatic Consent from the IRS to Make Changes in LIFO and Other Methods of Accounting (Rev. Proc. 2008-52)* ........................ Section-by-Section Analysis .................................................................................... Automatic CAMs Related to LIFO Inventories .......................................................

Year-End, 2008..........pg. 14 Year-End, 2008..........pg. 24 Year-End, 2008..........pg. 38

Document info
Document views218
Page views219
Page last viewedThu Jan 19 00:27:58 UTC 2017
Pages64
Paragraphs1892
Words27464

Comments