Treasury Regulations · 26 CFR
§ 1.472-5. Revocation of election.
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Regulation under 26 U.S.C. § 472
Cite as 26 CFR § 1.472-5
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- November 26, 1960 by T.D. 6500
- Issued under
- 26 U.S.C. § 472
- Length
- 62 words · about 1 min to read
- Cross-references
- cites 0 Code sections and 1 regulation; cited by 1
An election made to adopt and use the LIFO inventory method is irrevocable, and the method once adopted shall be used in all subsequent taxable years, unless the use of another method is required by the Commissioner, or authorized by him pursuant to a written application therefor filed as provided in paragraph (e) of § 1.446-1.
[T.D. 6500, 25 FR 11730, Nov. 26, 1960]
Cross-references
Computed from the citations in the text of 26 CFR.
Regulations it cites
Cited by 1 other regulation
Amendment history
From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.
- Issued by T.D. 6500 (25 FR 11730)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Inventories
Nearby sections
- § 1.472-1 Last-in, first-out inventories.
- § 1.472-2 Requirements incident to adoption and use of LIFO inventory method.
- § 1.472-3 Time and manner of making election.
- § 1.472-4 Adjustments to be made by taxpayer.
- § 1.472-5 Revocation of election.
- § 1.472-6 Change from LIFO inventory method.
- § 1.472-7 Inventories of acquiring corporations.
- § 1.472-8 Dollar-value method of pricing LIFO inventories.
- § 1.475-0 Table of contents.