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This page intentionally left blank. - UncleFed

this page intentionally left OF CONTENTSP reface ..vii Chapter 1, Industry Industry Industry Impact of State Regulation and State Titling Issues and Automobile Initial Sources on Used Car 1-18 Chapter 2, Accounting MethodsGeneral Change of Chapter 3, Gross ReceiptsIntroduction to Gross Internal Miscellaneous Income ..3-2 Fee Rebate Warranty Dealer Sales Taxes, Registration & Licensing Non-Taxable Income ivState Departments of Transportation/Motor Chapter 4, COST OF GOODS SOLD/INVENTORYI ntroduction to Cost of Goods Inventory Accounting Cost Basis of a Trade-in.

vii Preface The Independent Used Car Dealer MSSP Guide is a joint effort by the Internal Revenue Service and the National Independent Automobile Dealers Association.

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