OMB.report

Federal forms, ICRs, and supporting documents

OMB control number

Form 970, Application To Use LIFO Inventory Method

OMB 1545-0042 ยท TREAS/IRS.

OMB 1545-0042

Taxpayers file Form 970 to elect to use the last-in, first-out (LIFO) inventory method or to extend the LIFO method to additional goods. The IRS uses Form 970 to determine if the election was properly made.

The latest form for Form 970, Application To Use LIFO Inventory Method expires 2026-10-31 and is listed under ICR 202307-1545-001.

Latest Forms, Documents, and Supporting Material

Latest forms, documents, and information collections
DocumentType
Form Form 970 Application To Use LIFO Inventory MethodForm and Instruction
1545-0042 Supporting Statement.docxSupporting Statement A
Application To Use LIFO Inventory Method Form and Instruction

All Historical Document Collections

Historical document collections
ReferenceFilingReceivedConcludedAction
202307-1545-001 Extension without change of a currently approved collection 2023-07-28 Approved without change
202001-1545-027 Extension without change of a currently approved collection 2020-05-27 Approved without change
201701-1545-004 Extension without change of a currently approved collection 2017-02-27 Approved without change
201309-1545-030 Extension without change of a currently approved collection 2013-11-27 Approved without change
201008-1545-002 Revision of a currently approved collection 2010-09-28 Approved without change
200706-1545-019 Extension without change of a currently approved collection 2007-06-15 Approved without change
200603-1545-047 No material or nonsubstantive change to a currently approved collection 2006-03-28 Approved without change
200512-1545-036 No material or nonsubstantive change to a currently approved collection 2005-12-06 Approved without change
200404-1545-047 Extension without change of a currently approved collection 2004-04-29 Approved without change
200104-1545-040 Extension without change of a currently approved collection 2001-04-26 Approved without change
200006-1545-019 No material or nonsubstantive change to a currently approved collection 2000-06-28 Approved without change
199807-1545-031 No material or nonsubstantive change to a currently approved collection 1998-07-24 Approved without change
199805-1545-020 Extension without change of a currently approved collection 1998-05-26 Approved without change
199512-1545-011 No material or nonsubstantive change to a currently approved collection 1995-12-05 Approved without change
199509-1545-008 No material or nonsubstantive change to a currently approved collection 1995-09-30 Approved with change
199505-1545-027 Extension without change of a currently approved collection 1995-05-22 Approved without change
199207-1545-024 Revision of a currently approved collection 1992-07-20 Approved without change
198912-1545-018 Revision of a currently approved collection 1989-12-29 Approved without change
198908-1545-044 No material or nonsubstantive change to a currently approved collection 1989-08-24 Approved with change
198703-1545-006 Revision of a currently approved collection 1987-03-06 Approved without change
198407-1545-012 Revision of a currently approved collection 1984-07-16 Approved without change
198402-1545-016 Revision of a currently approved collection 1984-02-13 Approved without change
198111-1545-018 Revision of a currently approved collection 1981-11-18 Approved without change
198104-1545-042 Revision of a currently approved collection 1981-04-01 Approved without change