Lee worked in the Accounting and Auditing department for Touche Ross & Co. (now Deloitte) in Omaha from 1977 to 1984. His primary clientele during that time were retailers, wholesalers, manufacturers and processors with significant inventories which provided him substantial inventory accounting experience many years before the inception of LIFO-PRO. Lee realized there was a need for LIFO software from his days at Touche Ross because manual spreadsheet templates and mainframe programs used left a lot to be desired. Because of this, he began development of the LIFO-PRO software in 1990 and started LIFO-PRO, Inc. in 1992 (Legend Software, Inc. before 2005). Lee designed & developed the majority of the LIFO-PRO software with significant help from Paul Lewis.
Lee is by far the most experienced non-auto dealer LIFO practitioner in the U.S. with over 90,000 hours of non-auto dealer LIFO experience spanning 35 years. As the only CPA in the U.S. with LIFO as his sole practice, Lee played a significant role in the development of the new IRS IPIC LIFO Regulations issued in January 2002 and helped ensure that several provisions helpful to many taxpayers were incorporated in the final Regulations.
Lee has authored a number of LIFO training and reference guides that can be found on the Guides & White Papers section of our website & has instructed LIFO CPE training for CPA firms. Lee is an active CPA licensed in the State of Nebraska & is a member of the AICPA and Nebraska Society of CPAs. Lee is a 1975 graduate of Nebraska Wesleyan University. He received an MBA degree from the University of Florida in 1976 and earned his CPA certificate in 1977.
Lee was a multi-sport athlete in both high school and college and played recreational basketball well into his 50’s. He is now an avid sports fan and often attends local sporting events including Nebraska football, Omaha Storm Chasers baseball, UNO Mavericks hockey & Creighton basketball games.| Lee’s LinkedIn Profile | Email Lee | vCard
Sign up today to receive industry news & promotional offers from LIFO-PRO
