Barry A. Tovig is a senior advisor in Ernst & Young LLP’s National Tax Accounting Methods and Inventory group. He is based in Washington, D.C. Barry focuses on inventory tax accounting including LIFO, uniform cost capitalization, and the retail inventory method, as well as tax accounting issues involving the timing of income and deductions and changes in accounting methods. He frequently represents companies in Internal Revenue Service controversies involving accounting method issues.
Barry has over 30 years of concentrated experience in federal tax accounting issues impacting manufacturers, wholesalers, and retailers. He developed the firm’s current tax accounting inventory courses and is the lead co-author of Tax Management Portfolio, 578 T.M., Inventories: General Principles; LIFO Method. Barry has lectured to a variety of professional groups on the intricate issues surrounding federal tax accounting.
Barry is a past Chair of the Tax Accounting Technical Resource Panel of the American Institute of Certified Public Accountants.
Before joining Ernst & Young LLP, Barry was a Tax Law Specialist in the IRS Office of Chief Counsel and an IRS Revenue Agent. Barry has a B.S., magna cum laude, from Montclair State University. He is a certified public accountant licensed in the District of Columbia.
B.S., Montclair State University, magna cum laude
Bloomberg Tax Management Portfolios
Inventories: General Principles; LIFO Method (Portfolio 578)
The Portfolio, Inventories: General Principles; LIFO Method, discusses the tax aspects of inventories with particular emphasis on the last-in, first-out (LIFO) method.