Dealer Services

Last In First Out (LIFO)

Centralized LIFO processing

Cost-effective approach that allows efficient, accurate LIFO calculation.
Coordination of inventory adjustments from tax beneficial inventory methods.

A dedicated team of professional that have the expertise to not simply prepare your LIFO calculations, but review your LIFO methods elected and recommend the optimal tax inventory methods for your dealership.

For more information on how LIFO can work for you, please contact your local Moss Adams Dealership professionals to discuss your individual situation.

What Are the Benefits of LIFO?

Cost Effectiveness
- LIFO provides a hedge against inflation by allowing a tax deduction.
- Recently, Moss Adams helped a dealer receive a LIFO deduction of $240,000.
Complexity
- A LIFO election must be made with your tax return.
- LIFO calculations depend on many different methods and elections.
Expertise
- Moss Adams is the largest accounting firm based on the West Coast, allowing it to provide high-quality expertise to each industry it serves.
- Our expertise allows us to determine the optimal methods and elections for your LIFO calculation.

LIFO is the last great IRS tax deduction. Moss Adams can help to maximize our share of it. For more information on how LIFO can work for you, please contact a Moss Adams dealership professional in your area to discuss your individual situation.