In this release, the IRS updates procedures for automatic accounting method changes under Rev. Proc. 2025-23, as featured in Internal Revenue Bulletin 2025-24. Learn more about the updates.
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INCOME TAX
Rev. Proc. 2025-23, page 1476.
Revenue Procedure 2025-23 updates the List of Automatic Procedures as established in Treasury and IRS guidance for taxpayer-initiated requests for changes in methods of accounting. An “automatic change” is a change in method of accounting for which the taxpayer is eligible under section 5.01(1) of Revenue Procedure 2015-13 for requesting the Commissioner’s consent for the requested year of change.