Quick Question: Tax Accounting for Parts Inventory
July 06, 2017
As part of the tax reform debate, Congress is considering changing inventory accounting rules and getting rid of the last-in, first-out (LIFO) method. Companies currently using LIFO could face significant retroactive tax liability. ARSA wants to get a sense of its members’ exposure in this area.
This “question” is now closed, but the association has not published the results. For more information, contact Brett Levanto (brett.levanto@arsa.org).
Click here to see what questions have been asked and answered…and keep a lookout for more.
More from ARSA
EASA Updates Parts Documentation Table
On Jan. 29, EASA updated its Parts Documentation Table to add the United Kingdom to the list of covered regulatory systems. The table sets forth the required documentation for installing…Read MoreSurvey Invitations
February 11, 2021 | Categories:
ARSA News & Updates
ARSA’s annual member survey invitation has been sent to the email address of every primary contact. The message is subjected “ARSA Member Survey Invitation” and was sent from Vice President…Read More
PSP Extension
February 04, 2021 | Categories:
Act Now, Advocacy, ARSA News & Updates, ARSA Works, Featured Post, Legislative, Press Releases, Regulatory
To keep tabs on all of ARSA’s work related to the current pandemic, visit arsa.org/anti-viral-measures.
On Jan. 8, the U.S. Department of Treasury published the Payroll Support Program Extension (PSP2)…Read More