IRS practice units: Producer’s section 263A computation and LIFO pooling requirements
IRS Large Business and International division released two updated “practice units”
The IRS Large Business and International (LB&I) division released the following updated “practice units”—part of a series of IRS examiner “job aides” and training materials intended to describe for IRS agents leading practices about tax concepts in general and specific types of transactions:
- Producer’s 263A Computation
- LIFO Pooling Requirements
The practice units are both dated November 22, 2024, and are available on the IRS practice unit webpage.