Description
TAX ACCOUNTING 1183 Tax Lawyer, Vol. 56, No. 4 TAX ACCOUNTING SUBMITTED BY THE COMMITTEE ON TAX ACCOUNTING: KENNETH E. KEMPSON, COMMITTEE CHAIR; W. EUGENE SEAGO, SUBCOMMITTEE CHAIR ON IMPORTANT DEVELOPMENTS* Regulations Amended IPIC Regulations New final regulations were issued for the inventory price index (IPIC) method in Treasury Decision 8976, 67 Fed. Reg. 5061 (2002), amending Regulation section 1.472-8(e)(3). The new regulations greatly simplify the IPIC method and make it a desirable...

Advertisement