PDA

View Full Version : LIFO to FIFO tax effect


bcarmalt
Feb 14, 2009, 10:32 AM
In changing from LIFO to FIFO and the income is greater than 25,000, does the taxpayer have to take the income over 4 years or may the taxpayer elect a shorter time?

codyman144
Feb 14, 2009, 01:44 PM
This is more a tax question so I am asking for it to be moved there where an expert can help.

AtlantaTaxExpert
Mar 4, 2009, 04:28 PM
Insufficient information to post a cogent answer!