Itâs important to note that married filing separately is not the same as filing as a single person. In most cases, it doesnât make sense to file separately because a married couple will usually end up paying more total tax with two returns.
Inventory costs are the costs related to storing and maintaining its inventory over a certain period of time. Typically, inventory costs are described as a percentage of the inventory value (annual average inventory, i.e. for a retailer the average of the goods bought to its suppliers during a year) on an annualized basis. They vary strongly depending on the business field, but they are always quite high.
There are several layers of costs that must be treated as inventory. The Internal Revenue Service provides guidance under IRC Sec. 471 for the inclusion in inventory of direct costs and certain indirect costs. Direct costs are the costs of grapes, bottles, corks, labels, and direct labor. Indirect costs that are required to be included in inventory are certain repairs, maintenance, utilities, rent, indirect and supervisory labor, indirect materials and supplies, tools and equipment, and inspection.