LIFO method
Defined in 4 places of the United States Code.
The term “LIFO method” means the method authorized by section 472.
Source
- 1994–present26 U.S.C. § 1363Internal Revenue Code · Effect of election on corporation · in this subchapter
The term “LIFO method” means the method authorized by section 472 (relating to last-in, first-out inventories).
Source
- 1994–present26 U.S.C. § 312Internal Revenue Code · Effect on earnings and profits · in this section
The term “LIFO method” means the method of inventorying goods described in section 472.
Source
- 1994–present26 U.S.C. § 473Internal Revenue Code · Qualified liquidations of LIFO inventories · for purposes of this section
The term “LIFO method” means the method provided by section 472(b).
Source
- 1994–present26 U.S.C. § 474Internal Revenue Code · Simplified dollar-value LIFO method for certain small businesses · under this section