Federal Income Taxation of Inventories
Select a format
Select subscription type
Terms & conditions
Subscribers receive the product(s) listed on the Order Form and any Updates made available during the annual subscription period. Shipping and handling fees are not included in the annual price.
Subscribers are advised of the number of Updates that were made to the particular publication the prior year. The number of Updates may vary due to developments in the law and other publishing issues, but subscribers may use this as a rough estimate of future shipments. Subscribers may call Customer Support at 800-833-9844 for additional information.
Subscribers may cancel this subscription by: calling Customer Support at 800-833-9844; emailing firstname.lastname@example.org; or returning the invoice marked "CANCEL".
If subscribers cancel within 30 days after the product is ordered or received and return the product at their expense, then they will receive a full credit of the price for the annual subscription.
If subscribers cancel between 31 and 60 days after the invoice date and return the product at their expense, then they will receive a 5/6th credit of the price for the annual subscription. No credit will be given for cancellations more than 60 days after the invoice date. To receive any credit, subscriber must return all product(s) shipped during the year at their expense within the applicable cancellation period listed above.
The total price includes the product(s) listed in the Order Form and any Updates for a limited period (minimum period of 30 days) after the order is placed ("Order Window"). Shipping and handling fees are not included in the grand total price.
All shipments may be returned, at subscribers' expense, for full credit of the Price within 30 days of receipt.
Shipments may not be returned, and no credits will be issued, more than 30 days after receipt.
After the Order Window, subscribers will receive notice of Updates along with the then-current grand total price and order process as Updates become available. Subscribers will only be shipped those Updates they specifically request.
View a sample of this title using the ReadNow feature
The definitive Federal Income Taxation of Inventories analyzes every aspect of inventory taxation, including valuation of goods, UNICAP rules, LIFO inventories, what must be included in inventory for tax purposes, and more. Inside you'll find relevant Code and regulations sections, revenue rulings and procedures, letter rulings, general counsel memoranda, and sample filled-in forms, plus:
• Extensive coverage of the uniform capitalization rules
• Scores of tax planning ideas and suggestions essential to the profitable management of any business
• Numerous computational examples and case histories
• Thorough treatment of the full absorption election, and inventory calculation methods to meet any kind of inventory situation
• Expert analysis supported by citations to all pertinent primary sources
Also available on Authority Tax & Estate Planning Law Library CD-ROM.
eBooks, CDs, downloadable content, and software purchases are noncancelable, nonrefundable and nonreturnable. Click here for more information about LexisNexis eBooks. The eBook versions of this title may feature links to Lexis+® for further legal research options. A valid subscription to Lexis+® is required to access this content.
Table of contents
Chapter 1: The Need for Inventories
Chapter 2: When Goods Are Included in Inventory -- The Flow of Goods and Costs
Chapter 3: Methods of Inventory Valuation -- General Principles
Chapter 4: Uniform Capitalization Rules -- Background and Substantive Rules
Chapter 5: Uniform Capitalization Rules -- Allocation Methods -- Transition Procedures -- Long-Term Contracts -- Computation of Cost of Goods Sold
Chapter 6: Inventory Valuation -- Subnormal Goods
Chapter 7: Inventory Valuation -- Lower of Cost or Market
Chapter 8: Inventory Valuation Methods -- Specialized Industries
Chapter 9: LIFO -- Background and History
Chapter 10: LIFO -- Adoption and Termination -- Economic Considerations and Procedural Aspects
Chapter 11: Adoption of LIFO -- Substantive Requirements
Chapter 12: Specific Goods LIFO
Chapter 13: Dollar-Value LIFO -- General Concepts and Methods of Pooling
Chapter 14: Methods of Pricing Dollar-Value LIFO Inventories
Chapter 14A: Retail and Simplified LIFO Pricing
Chapter 15: Dollar-Value LIFO -- Methods of Valuing Increments
Chapter 16: LIFO Method Changes
Chapter 17: Transfer of Inventories
Appendix I: 1986 Code Provisions -- Inventories
Appendix II: Income Tax Regulations -- Inventories
Appendix IIA: Notices -- Inventories
Appendix III: IRS Administrative Pronouncements
Appendix III: IRS Administrative Pronouncements (continued)
Appendix IIIA: IRS Letter Rulings -- Pre-November 1, 1976 Requests
Appendix IIIB: General Counsel Memoranda
Appendix IV: Sample LIFO Election and Accounting Method Change Election
Appendix V: Internal Revenue Manual -- Inventories