Consulting Services

Recognized as one of the nation’s leading experts in automobile dealership tax issues and in the Last-In, First-Out (LIFO) inventory method of accounting for various businesses, Willard J. De Filipps, CPA has been providing expert technical consulting to LIFO inventory method users and to automobile dealerships and their advisors for more than 45 years. Mr. De Filipps is available for a range of consultation services related to these areas.

For more information on Willard’s consultation services, please contact him at (847) 577-3977 or will@defilipps.com.

LIFO Inventory Consultation

  • IRS audits of all types of LIFO inventory valuation computations
  • Evaluation and implementation of proper LIFO elections
  • Review of calculations ... New Calculations (See Sample Report)
  • Layer history re-creation
  • Coordination and/or implementation of changes in (inventory) accounting methods
  • Form 3115 review & consultation
  • Expert witness engagements

Dealer Tax Issues Consultation

  • Tangibles Regulations … Section 263(a)
  • Manufacturer facility upgrade payments
  • Elimination of trade discounts and/or advertising costs from inventory cost
  • Section 263A inventory cost capitalization rules and safe harbors for dealerships
  • Expert witness engagements
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