In new Rev. Proc. 2014-54, the IRS modified the procedures to obtain the IRS consent to a change in method of accounting for dispositions of tangible depreciable property.  This relates to the ”repair regulations“ finalzed last year.  The new guidance includes procedures to (i) obtain automatic IRS consent in certain contexts, (ii) to allow a late partial disposition election under Reg. § 1.168(i)-8 to be treated as a change in method of accounting for a limited period of time, and (iii) to modify the Appendix of Rev. Proc. 2011-14 regarding a change to the method of accounting described in Rev. Proc. 2014-16, for amounts paid to acquire, produce, or improve tangible property.