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AIDS Order Number: Form 12196 Small Business Tax Product Order Blank (Rev.10-2003) Department of the Treasury Internal Revenue Service OMB No. 1545-1638 Review Instructions on Reverse Side Before
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How to fill out form 12196 10-2003
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What is form 12196 10?
Form 12196 10 is a Request for Group Sale of Aged Inventory Under LIFO.
Who is required to file form 12196 10?
Taxpayers who want to request a group sale of aged inventory under LIFO are required to file form 12196 10.
How to fill out form 12196 10?
Form 12196 10 should be completed with accurate information regarding the aged inventory being requested for group sale under LIFO.
What is the purpose of form 12196 10?
The purpose of form 12196 10 is to request a group sale of aged inventory under LIFO, which can have tax benefits for the taxpayer.
What information must be reported on form 12196 10?
Form 12196 10 requires information about the taxpayer, the inventory being sold, and the LIFO method being used.
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