All articles by Tammy Whitehouse – Page 116
-
Blog
Obama Budget Proposes LIFO Repeal Starting in 2012
Tucked deep into the tables of President Barack Obama’s proposed 2010 federal budget lies a line item sure to become a focal point of corporate tax policy debate—“repeal LIFO.”LIFO is the tax-friendly “last in, first out” method of accounting for inventory that has become increasingly touchy in recent years. It ...