LIFO Accounting continues to be the best tax deferral available. With inflation back in the news and with expectations of inflation to continue in the future, now is the time to elect the LIFO inventory method. Let us help you make LIFO safe, easy, and profitable. Call us today for an estimate to quantify the tax benefit for your business or client.

Senate Finance Committee Considering Repeal of LIFO

SourceCorp is an active participant in the LIFO Coalition, a group of approximately 50 trade organizations who joined together to refute the possible repeal of LIFO. Please visit our website weekly for the latest information concerning this matter.

SourceCorp Updates
August Update
Post-Hearing Update (6/14)
Pre-Hearing Update

Write Your Senator
Letter Template for CPA Firms
Letter Template for Auto Dealership on LIFO
Letter Template for Business on LIFO
Listing of Senators and Their Contact Information

What Others Are Saying about the Repeal of LIFO

November 7, 2006 - Alan D. Viard - Why LIFO Repeal is not the way to go

Senate Finance Committee Hearing
George Plesko's Testimony
LIFO Coalition's Response To Plesko's Testimony

Trade Association/Business Publication Articles
July 2006 - cpa2biz.com - LIFO on Life Support
July 2006 - CFO.com - The Battle to Preserve LIFO
July 05, 2006 - FOXNews - Tax Relief Proposals May Hurt Your Bottom Line
June 28, 2006 - Coalition Disputes LIFO Testimony BNA
June 2004 - IASB's move to ban LIFO deserves a thoughtful response.
June 2006 - LIFO Repeal Statement
June 2006 - AED's Washington Insights - Do You LIFO?
June 2006 - National Grocer's Association - Congressional Update
June 2006 - National Association of Wholesale - Distributors