OMB.report

Federal forms, ICRs, and supporting documents

OMB control number

Form 970, Application To Use LIFO Inventory Method

OMB 1545-0042 · 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 can be found here.

Latest Forms, Documents, and Supporting Material
Document
Name
Form and Instruction
Supporting Statement A
All Historical Document Collections
Approved without change
 Extension without change of a currently approved collection 2023-07-28
Approved without change
 Extension without change of a currently approved collection 2020-05-27
Approved without change
 Extension without change of a currently approved collection 2017-02-27
Approved without change
 Extension without change of a currently approved collection 2013-11-27
Approved without change
 Revision of a currently approved collection 2010-09-28
Approved without change
 Extension without change of a currently approved collection 2007-06-15
Approved without change
 No material or nonsubstantive change to a currently approved collection 2006-03-28
Approved without change
 No material or nonsubstantive change to a currently approved collection 2005-12-06
Approved without change
 Extension without change of a currently approved collection 2004-04-29
Approved without change
 Extension without change of a currently approved collection 2001-04-26
Approved without change
 No material or nonsubstantive change to a currently approved collection 2000-06-28
Approved without change
 No material or nonsubstantive change to a currently approved collection 1998-07-24
Approved without change
 Extension without change of a currently approved collection 1998-05-26
Approved without change
 No material or nonsubstantive change to a currently approved collection 1995-12-05
Approved with change
 No material or nonsubstantive change to a currently approved collection 1995-09-30
Approved without change
 Extension without change of a currently approved collection 1995-05-22
Approved without change
 Revision of a currently approved collection 1992-07-20
Approved without change
 Revision of a currently approved collection 1989-12-29
Approved with change
 No material or nonsubstantive change to a currently approved collection 1989-08-24
Approved without change
 Revision of a currently approved collection 1987-03-06
Approved without change
 Revision of a currently approved collection 1984-07-16
Approved without change
 Revision of a currently approved collection 1984-02-13
Approved without change
 Revision of a currently approved collection 1981-11-18
Approved without change
 Revision of a currently approved collection 1981-04-01