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Introduction

SECTION 1. PURPOSE

Internal Revenue Bulletin 2003-27 · 2026-10-03 edition · updated 2026-10-04 · United States

For certain accounting method changes within the inventory price index computation (IPIC) method of accounting for lastin, first-out (LIFO) inventories, this revenue procedure waives the 5-year prior change scope limitation in section 4.02(6) of Rev. Proc. 2002–9, 2002–1 C.B. 327, as modified and clarified by Announcement 2002–17, 2002–1 C.B. 561, modified and amplified by Rev. Proc. 2002–19, 2002–1 C.B. 696, and amplified, clarified, and modified by Rev. Proc. 2002–54, 2002–35 I.R.B. 432.

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▸Contents — Internal Revenue Bulletin 2003-27
Internal Revenue Bulletin 2003-27

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