[Apache]

Originally Posted by Little.Egret

And this is an Urban Legend. There is no federal tax on inventory, check the IRS site. The Thor decision prevented businesses from writing down below the selling price.

http://en.wikipedia.org/wiki/Thor_Po...._Commissioner

The tax on inventory is a county tax in Georgia. This includes everything the business owns, not just inventory. This is why car dealers start reducing inventory levels in December. Any unsold cars are taxed. it is the same in my business except we have Christmas to help us reduce our inventory.
Apache