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Many franchised new-car and -truck dealerships using the last-in, first-out (LIFO) accounting method are experiencing a severe decrease in new-vehicle inventory that could cause them to incur significant tax liability as a...
Read MoreDue to the expected decreases in inventory levels from 2019-2020, LIFO recapture could be significant to some. Watch this quick video from Dixon, Hughes, Goodman, LLP where they discuss key items you need to know and consider...
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