The IRS has provided an updated list of changes in automatic tax accounting methods, spanning 32 different sections.
Some of the updates are common, such as changing from an impermissible to a permissible method of accounting for depreciation and amortization.
Other changes are unusual, like the line pack gas or cushion gas method (see page 147 of Rev. Proc. 2022-14).
In each case, the list describes the method change and its applicability. Descriptions may also include conditions on inapplicability and additional requirements. Read more.