Welcome to our LIFO Test page. We built this page for use by companies for whom inventory is a significant component of their operations (e.g., manufacturers, wholesalers, retailers).  A tremendous number of companies use the FIFO (first-in, first-out) inventory costing method under the impression that the LIFO (last-in, first-out) method is too complex and burdensome. However, the IRS issued final regulations last year covering simplification of a particular LIFO method. Included in this change are automatic change provisions through the filing deadline of the 2002 tax year.

It is not uncommon for companies with a $10,000,000 FIFO inventory that have been using LIFO for 15 years or longer to materialize tax savings in excess of $1,000,000.  Are you ready to deduct inflation as a tax expense? Then take the first step in exploring LIFO. The test below will allow you to evaluate whether the LIFO method of accounting for inventories may be a viable option for your organization. Please complete the following four easy questions to begin the analysis.  

Note:  All data submitted is completely anonymous! 
We will not know your identity, and will not discuss your results with you unless you elect to contact us. 

Case | Sabatini excels in helping manufacturers nationwide with LIFO
and other important considerations!  When you receive your results,
please take a moment to contact us to discuss possibilities at your company.
We can be reached toll-free at (866) 392-CASE.

     
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