Beneath guidance in Rev. Proc. 2022-9 issued Thursday, taxpayers may perhaps acquire the IRS’s automatic consent to improve their tax accounting techniques to comply with remaining restrictions relating to less complicated tax accounting procedures accessible to lesser firms. Those closing restrictions, issued early in 2021 (T.D. 9942), executed variations designed by the regulation recognised as the Tax Cuts and Employment Act (TCJA), P.L. 115-97, that generally exempt from much more sophisticated demands firms with normal annual gross receipts of no more than $25 million (altered for inflation to $26 million for 2021). The remaining regulations apply to tax several years beginning on or soon after Jan. 5, 2021 (or for…