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Willard J. De Filipps, CPA,
is recognized as one of the nation’s leading experts in LIFO
accounting for automobile dealerships.
He is widely known for his leadership in addressing the
issues surrounding LIFO (Last-In, First-Out) inventory
implementation. A
CPA’s CPA, many of his clients are CPA firms that rely on his
specialized expertise.
Mr. De Filipps has been an expert witness in legal
proceedings involving LIFO and automobile dealership accounting
issues. His
practical experience includes representing LIFO applications
during Internal Revenue Service (IRS) audits and in appeals
channels and participating in technical advice proceedings and
LIFO change requests with the IRS National Office.
PUBLICATIONS
·
Dealer Tax Watch -
A periodic update for CPAs discussing current IRS tax rulings,
audit developments and court decisions that affect auto dealers
and dealerships. Contains
strategic planning observations and Practice Guides. Published since June 1994.
·
LIFO Lookout - A
periodic update providing a comprehensive look at how current
IRS rulings, audit developments and court decisions affect LIFO
elections, computations & practices.
Published since March 1991.
The complete index of all articles
is available at www.defilipps.com.
LEADER & INNOVATOR
Recognized as an innovator, Mr. De Filipps has been
instrumental in the founding and organization of three different
Dealer/CPA Resource Groups for CPAs serving auto dealers.
In 1987, he co-founded the AutoCPA Group, the original
national organization of CPAs whose member firms specialize in
automobile dealer clients.
From 1995 through 2000, he managed two other groups.
These two groups are currently known as the Driving
Force and the NAADA, National Alliance of Auto
Dealer Advisors.
Mr. De Filipps developed and markets a comprehensive
state-of-the-art software program (SuperLIFO) for auto
dealer new vehicle and used vehicle LIFO calculations.
In July 1992, he submitted a compromise proposal to the
IRS for a simplified LIFO method for automobile dealers, based
on his extensive practical experience working with auto
dealers’ LIFO inventories since 1974.
In September 1992, the IRS issued Revenue Procedure
92-79, the Alternative LIFO Method for Automobile Dealers.
For four years, 1998 through 2001, Mr. De Filipps
organized and coordinated unique annual national conferences for
CPAs and other professionals serving the auto and truck
dealership industries.
Mr. De Filipps’ article, “Developing a Tax Department
in a Growing Organization,” first published in The Journal
of Accountancy in June 1974, was selected as an outstanding
contribution and included in Selected Studies in Modern
Accounting.
Mr. De Filipps spent his first eight years in public
accounting in the Chicago office tax department of Arthur Young
and Company (Ernst and Young).
He was later a tax partner with two national accounting
firms before establishing his own practice in 1978.
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Contact Information