Lee is one of the leading LIFO experts & has worked exclusively with LIFO for more than 30 years. He began his accounting career in the 1980s as an auditor at one of the Big Eight firms. Lee had many clients who were on LIFO during his time there & as a result, he became intimately familiar with the complexities of LIFO, the nuances between industries & submethods and the limitations posed by manual calculations. Those experiences led to Lee developing the LIFOPro software in 1992. Three decades later, Lee has led LIFOPro to become the leader in turnkey outsourcing solutions & LIFO software. LIFOPro now serves as a primary third-party service provider & subject matter expert for countless CPA firms, including several of the top 10 firms & dozens of top 100 firms. Portions of the new IPIC method regulations that were codified in 2002 were a result of Lee's public testimony & comment letters submitted to the IRS.

About Us: LIFOPro has been dedicated exclusively to LIFO for 30 years. Our turnkey outsourcing solutions allows companies to maintain the tax savings of LIFO while avoiding all the hassle. The LIFOPro software minimizes the time spent managing LIFO calculations, documentation & reporting in-house. We offer complimentary analysis for companies considering LIFO elections. We offer complimentary reviews for companies on LIFO to verify calculation accuracy, methods compliance, tax savings maximization opportunities & best practices feedback. Our consulting services includes LIFO-related IRS forms preparation for new LIFO elections & accounting method changes, layer history rebasings, pool splits/combinations & BLS PPI category assignment.