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Combatting Inflation – It’s time to Evaluate the Benefits of LIFO

Sikich

Dec 9 2021

1 min read

Combatting Inflation: It’s Time to Evaluate the Benefits of LIFO

December 9, 2021

The “Last-in First Out” (“LIFO”) inventory method has been around for many years, but it has taken on renewed interest this year due to the widespread impact of inflation on product prices for many manufacturers and distributors.

IRS Form 970 Application to Use LIFO Inventory Method (includes Form and Instructions)

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Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 