AICPA Letter Urges Taxpayer Relief in Use of IPIC Method for Last-In, First-Out Inventory
May 22, 2026
May 22, 2026
NEW YORK, May 22 -- The American Institute of CPAs issued the following news release:
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AICPA Letter Urges Taxpayer Relief in Use of IPIC Method for Last-In, First-Out Inventory
In a letter submitted to the Treasury and Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) asked for guidance providing automatic consent procedures to allow taxpayers to change from the inventory price index computation (IPIC) method to an internal index m . . .
* * *
AICPA Letter Urges Taxpayer Relief in Use of IPIC Method for Last-In, First-Out Inventory
In a letter submitted to the Treasury and Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) asked for guidance providing automatic consent procedures to allow taxpayers to change from the inventory price index computation (IPIC) method to an internal index m . . .