03/02/2010
Solutions for a Difficult LIFO Year
FREE Webinar Download
Problem: Inventory values bottomed out in 2009 resulting in huge tax liabilities for many HARDI members on LIFO.
Potential Solution: An alternative, IRS-approved LIFO method significantly reduces tax liability for most companies. LIFO, which stands for last-in-first-out, has been around for over 70 years. Because LIFO benefits are based on inflation, it's important to consider all available options to maximize cash savings.
Click here to see how this method can present you with an alternative to consider before your reporting deadlines this March.
Interested in learning more? Click Here to listen to the webinar presented by SourceCorp Professional Services -- Stanton Williams, President and Chandry Jimenez, Director of IPIC Services. SourceCorp, a HARDI affiliate member, is the nation's leading provider of specialized tax services including LIFO Accounting, R&D Tax Credit Studies, Cost Segregation Studies and Energy-Efficient Commercial Building Tax Deductions.
As a Steering Committee member of the LIFO Coalition, organized to preserve the LIFO accounting method, HARDI was introduced to SourceCorp and believes their services could be helpful for its LIFO-using member companies. HARDI is not endorsing SourceCorp or the IPIC LIFO method, but rather assisting SourceCorp's efforts to introduce this potentially beneficial option to HARDI members as a result of positive experiences some HARDI-member and non-member companies have had by switching to the IPIC method. |
