How to minimize the S corporation LIFO recapture tax

(FIFO) First In, last Out Inventory Method, (LIFO) Last In, First Out Inventory Method, C Corporation, Inventory Management, S Corporation /

If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory method. That’s because of the LIFO recapture income that will be triggered by converting to S corporation status. We can meet to compute what the […]

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