Internal Revenue Bulletin:  2006-22 

May 30, 2006 

INCOME TAX


Rev. Rul. 2006-28 Rev. Rul. 2006-28

LIFO; price indexes; department stores. The March 2006 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, March 31, 2006.

Rev. Proc. 2006-24 Rev. Proc. 2006-24

This procedure informs the trustee (or debtor in possession) representing the bankruptcy estate of the debtor of the procedure to be followed in obtaining a prompt determination by the Service of any unpaid tax liability of the estate incurred during the administration of the case. Rev. Proc. 81-17 obsoleted.


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