Why LIFO relief for car dealers from Treasury may be preferable to alternatives

The impact of reduced new-vehicle inventories and the resulting LIFO recapture continues to be a major concern for dealers. The National Automobile Dealers Association has been very active for more than a year advocating for and educating dealers about this issue. This is certainly a complex issue and dealers should be working closely with their tax advisers to consider various options even as NADA continues to pursue regulatory and possible legislative solutions.