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Lexis Nexis Federal Income Taxation of Inventories
Definitive analyses of every aspect of inventory taxation.
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Matthew Bender Elite Products
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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.
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Featured Authors
J. Leslie Schneider
J. Leslie Schneider
Leslie J. Schneider is a shareholder in the Washington, D.C. law firm of Ivins, Phillips & Barker, Chartered. He is a 1971 graduate of the Georgetown University Law Center where he served as Editor of the Georgetown Law Journal. Before joining Ivins, Phillips & Barker, he served as Special Assistant to the Assistant Secretary of the U.S. Treasury for Tax Policy. Earlier, Mr. Schneider served as an Attorney-Advisor in the Treasury Department's Office of Tax Legislative Counsel. He is currently an Adjunct Professor of Income Tax Accounting in the Graduate Tax Program at Georgetown University Law Center. A member of the Bars of the District of Columbia and the State of Maryland, he is also a certified public accountant. In 1979, he authored Matthew Bender's three-volume Federal Income Taxation of Inventories, considered by tax practitioners to be the leading treatise in this area of tax law.
Table of contents
VOLUME 1
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
VOLUME 2
Appendix I: 1986 Code Provisions -- Inventories
Appendix II: Income Tax Regulations -- Inventories
Appendix IIA: Notices -- Inventories
Appendix III: IRS Administrative Pronouncements
VOLUME 3
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
