contact us for more information about UV-AMS

Corporate Headquarters
6000 Western Place, Ste 800
Fort Worth, TX 76107
817.732.5494

Regional Business Development Contacts:

Texas Gulf Coast Region:
Candace Willingham

Midwest Region:
Diane Smith

Northeast Region:
Jennifer Weston

Southeast Region:
David DeGrand

South Central Region:
Jennifer Chin

Pacific Northwest Region:
Laura Collins

Upper Midwest Region:
Al Schmitt

Used Vehicle - Alternative Method Software

SourceCorp's newest addition to its LIFO software offerings, Used Vehicle Alternative Method Software (UV-AMS) automates the used vehicle LIFO computation and ensures your dealership or dealership client is in full compliance with the Used Vehicle Alternative Method (as defined in Rev-Proc 2001-23).

You will have peace-of-mind knowing SourceCorp has incorporated all the requirements of the IRS rules into a format that is efficient and easy-to-use. Simply enter the VIN, acquisition date stock, number, mileage and the dealer prep amount (trade-in units may require a few more entries), and UV-AMS does the rest!

After the used vehicle information is keyed into UV-AMS, reports can be generated to form a complete audit trail that can be easily reviewed and understood. Consistency in decisions, accuracy and time savings are just a few of the reasons for using SourceCorp's UV-AMS.

Why use UV-AMS?

Comprehensive Database -- The extensive and time-consuming research that is necessary to comply with the Used Vehicle Alternative LIFO Method is built into the UV-AMS database.

Optional Data Entry Module -- This vehicle-only entry module is the perfect solution for CPA’s who want to outsource the vehicle data entry to their clients. The client enters only the vehicle data and performs a backup that is easily restored to UV-AMS. Eliminate bad VIN’s and illegible handwriting by opting for this module (versus having the client fill out a UV-AMS Worksheet--a report option in UV-AMS).

Automated LIFO History -- From year-to-year, the LIFO layers are automatically maintained and updated, saving you time and ensuring accuracy.

Fast Results -- Within a few hours or less, you can compute the used vehicle LIFO adjustment.

User-Friendly Windows Program -- Context-sensitive help screens walk you through the computation. Users of AMS (for new vehicle LIFO computations) will note that UV-AMS is very similar to it in its “look and feel”.

Peace-of-Mind -- We stand behind our results in the event of an IRS audit.