other · IRS · Rule · Published 2014-08-15 · Effective 2014-08-15 · 79 FR 48034
Document
Document number
2014-19275
Federal Register citation
79 FR 48034
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2014-08-15
Effective date
2014-08-15
Treasury docket
TD 9688
Abstract
This document contains final regulations relating to the retail inventory method of accounting. The regulations restate and clarify the computation of ending inventory values under the retail inventory method and provide a special rule for certain taxpayers that receive margin protection payments or vendor allowances that are required to reduce only cost of goods sold. The regulations affect taxpayers that are retailers and use a retail inventory method.