Item of Interest
Late last week, we learned that senior Republicans, many of who sit on the Ways and Means Committee introduced legislation to repeal virtually every business deduction, including LIFO. While we do not believe comprehensive tax reform could take place during this election year, it serves as a good roadmap to learn what prospective tax reform legislation could look like, including transition rules for a possible repeal of LIFO. We would love to hear from you on how this could impact your business, and if the transition would help or hinder your business. Click
to view the legislation and click
to send us your thoughts.
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