Sens. Ask Treasury To Preserve LIFO Accounting Method

By Eric Kroh (October 22, 2014, 1:33 PM EDT) -- Pressure mounted on the U.S. Department of the Treasury to preserve the "last in, first out" method of accounting on Tuesday as a bipartisan group of 14 senators sent a letter to Treasury Secretary Jacob Lew asking that the accounting method be kept in any effort to reform the tax code....

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