Unformatted text preview: account only to the extent provided in regulations prescribed by the Secretary. 312(n)(4)(B) LIFO RECAPTURE AMOUNT. --For purposes of this paragraph, the term "LIFO recapture amount" means the amount (if any) by which – 312(n)(4)(B)(i) the inventory amount of the inventory assets under the first-in, first-out method authorized by section 471 , exceeds 312(n)(4)(B)(ii) the inventory amount of such assets under the LIFO method....
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This note was uploaded on 09/09/2011 for the course TAX 5015 taught by Professor Kelliher,c during the Spring '08 term at University of Central Florida.
- Spring '08