The U.S. Congress’s Joint Committee on Taxation has again included last-in, first-out (LIFO) in its annual “Estimates of Federal Tax Expenditures,” signaling lawmakers could begin looking at LIFO repeal as a means to increase federal […] Read More
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As Metals Service Center Institute (MSCI) members are aware, the federal tax bill passed and signed into law last year kept in place the last-in, last-out (LIFO) accounting principle. MSCI had worked with the LIFO […] Read More
As Metals Service Center Institute (MSCI) members are aware, the federal tax bill passed and signed into law last year kept in place the last-in, last-out (LIFO) accounting principle. MSCI had worked with the LIFO […] Read More
Last week, the U.S. House and Senate approved H.R. 1, the Tax Cuts and Jobs Act, the most significant piece of tax legislation passed by Congress in nearly 17 years. (Click here to see how […] Read More
Last Friday, Republican leaders in the U.S. House and Senate released the final details of their plan to reduce corporate, small business, and individual tax rates. The House is expected to vote on the legislation […] Read More