BarbriSFCourseDetails
  • videocam Live Online with Live Q&A
  • calendar_month December 12, 2025 @ 1:00 p.m. ET./10:00 a.m. PT
  • signal_cellular_alt Intermediate
  • card_travel Corporate Tax
  • schedule 110 minutes

Why LIFO, Why Now? Turn Tariffs Into Tax Savings in 2025

LIFO Inventory Methods, Performing a LIFO Benefit Analysis, Implementing a Method Change

Early Bird Pricing!
MSRP
$247.00
$209.95
Save $37.05

Discount expires 12/3/25

This course is $0 with these passes:

CPE
ALL
  • videocam Live Online with Live Q&A
  • calendar_month December 12, 2025 @ 1:00 p.m. ET./10:00 a.m. PT
  • signal_cellular_alt Intermediate
  • card_travel Corporate Tax
  • schedule 110 minutes
  1. keyboard_arrow_leftBack
BarbriPdBannerMessage

Description

The combination of rising costs and recently enacted tariffs makes 2025 an ideal year for LIFO elections for many companies. The LIFO method allows companies to assign higher recent costs to cost of goods sold, thereby significantly reducing taxable income. 

In order to determine whether LIFO is right for you, businesses should consider the key indicators of candidacy and potential benefits of adoption. Timing is key. A proper and timely election must be filed using Form 970, Application to Use LIFO Inventory Method—additionally, Treas. Reg. 1.472-2(a), commonly referred to as the LIFO conformity rule, requires companies electing the LIFO method to use this method for both financial and tax reporting purposes. Tax advisers working with businesses with inventory need to grasp the potential benefits and caveats of a LIFO election.

Listen as our panel of inventory experts discusses adopting the LIFO inventory method and the significant tax benefits of the election in the current environment. 

Presented By

Cindy Houser
Principal
CliftonLarsonAllen

Ms. Houser is Principal, Federal Tax Strategies at CliftonLarsonAllen LLP.

expand_circle_down Expand to View Full Bio expand_circle_up Collapse Bio
Erica Parra
Manager
CliftonLarsonAllen

Ms. Parra is a Manager, Federal Tax Services at CliftonLarsonAllen LLP.

expand_circle_down Expand to View Full Bio expand_circle_up Collapse Bio
Bob Richardson, CPA
Vice President
LIFOPro

Mr. Richardson is the head of business development and engineered LIFOPro’s proprietary complimentary resources which serve as valuable tools for CPA firms & prospective clients. He also spearheaded the effort to develop a new module in the LIFOPro software designed to support & completely automate internal index inflation calculations. Mr. Richardson serves as the primary point of contact for LIFOPro’s new clients & is primarily responsible for preparing the analysis & review reports provided to CPA firms, prospective clients and new clients.

expand_circle_down Expand to View Full Bio expand_circle_up Collapse Bio
Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Friday, December 12, 2025

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

I. Why LIFO, why now?

II. LIFO inventory methods

III. LIFO conformity rules

IV. Performance indicators

V. Implementing the method change

VI. Practical steps

VII. Common misconceptions of the LIFO method

The panel will cover these and other critical issues:

  • Potential significant tax savings with LIFO in the current tariff-driven environment
  • LIFO inventory methods
  • Key accounting method considerations before adoption
  • Best practices for implementation


Learning Objectives

After completing this course, you will be able to:

  • Identify key considerations before adopting LIFO
  • Determine why 2025 is a critical year to capture LIFO benefits
  • Decide how to implement LIFO effectively
  • Ascertain practical steps in establishing a LIFO inventory method


  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of corporate taxation, including taxation of businesses, accounting methods, net operating losses and loss limitations; familiarity with net operating loss carry-backs and carry-forwards.


BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .