Miscellaneous Revenue Act of 1982

[AI summary unavailable — showing source text] Amends the Crude Oil Windfall Profit Tax Act of 1980 to defer until December 31, 1982, the effective date of the requirement that in cases of corporate liquidations a corporation inventorying goods under the last-in, first-out (LIFO) method of accounting treat the LIFO recapture amount with respect to distributed inventory assets as ordinary income.…