Comment from Miller & Chevalier Chartered

Summary: Miller & Chevalier Chartered, a law firm, requests that the IRS include the Section 170(e)(3) Project on the 2026-2027 Priority Guidance Plan. They argue that clarifying the treatment of current year acquisition costs as cost of goods sold will provide much-needed certainty for donors of inventory and other property for the benefit of the ill, the needy, or infants.