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INCOME TAX

Internal Revenue Bulletin 1998-43 · 2026-10-03 edition · updated 2026-10-04 · United States

Rev. Rul. 98–51, page 4. LIFO; price indexes; department stores. The August 1998 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, August 31, 1998.

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▸Contents — Internal Revenue Bulletin 1998-43

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