As previous reported on the November 2010 E-News, the IRS created UNICAP Safe Harbor Methods for Dealers. Revenue Procedure 2010-44 provides for two safe harbor methods, the Retail Sales Facility Safe Harbor Method and the Reseller Without Production Activities Safe Harbor Method. Generally, any motor vehicle dealership may use either or both of the safe harbor methods. NADA has posted a brief summary of Revenue Procedure 2010-44.
