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LIFO Election Benefit Analysis Questionnaire
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LIFO Election Benefit Analysis Questionnaire
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LIFO Election Benefit Analysis Questionnaire
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Are you with a company or a CPA firm?
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Company
CPA Firm
Full Name
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Email
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Company Name or Industry Type (Industry type required if company name not provided)
Example: Chemicals distributor or textile products manufacturer
Client Name or Industry Type (Industry type required if company name not provided)
Year End Month
*
Combined current year federal & state tax rate (optional; range of projected tax savings from LIFO will be provided if tax rate not given)
detail range be
Upload your current & prior period's item detail reports. These are also known as stock status or inventory valuation reports.
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Choose Files to Upload
You can upload up to 20 files.
For example, a company with a December year end sending us these reports in December of 2021 would send us their November 2021 & December 2020 item detail reports. Please upload reports that include the following fields 1. Item/part/product code or number 2. Item/part description 3. Current period quantity on hand/weight 4. Current period item/unit cost. 5. Any product hierarchy fields if they are available, such as: category/subcategory, class/subclass, type, group, line, division, cost/profit center, business segment/unit, etc. Including product hierarchies will provide for a more accurate estimate of the projected tax savings from LIFO & will also likely reduce the turnkey outsourcing solutions fee quote. You will receive a complimentary LIFO benefit analysis report & turnkey outsourcing solutions fee quote within one week of submitting this form. See a sample item detail report file & product hierarchies by downloading this file: https://lifopro.com/publicdownloads/LIFOPro_Sample_Item_Detail_Report.xlsx Alternatively, you can email your item detail reports to lifopro@lifopro.com after submitting this request form.
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