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IRS Updates List of Automatic Accounting Method Changes
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Subscribe12 JUN 2025 / IRS UPDATES
The IRS has released Rev. Proc. 2025-23, a comprehensive 430-page guide designed to simplify front-end compliance work on Form 3115 for CPAs. Effective from June 9, 2025, the update offers clearer instructions for tax accounting changes, detailing special accounting rules and regulations on a range of topics, ultimately assisting firms in maintaining compliance while aligning tax methods with operational strategies.
Hot off the press, the IRS has dropped Rev. Proc. 2025-23, a 430-page heavyweight update for tax professionals who live and breathe Form 3115. This new guidance, effective for filings made on or after June 9, 2025, applies to tax years ending October 31,...
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