Maximum vehicle values. This procedure provides the maximum vehicle values for use with the special valuation rules under regulations sections 1.61-21(d) and (e). These values are adjusted for inflation and must be adjusted annually by reference to the Consumer Price Index.

This document provides current procedures for obtaining automatic consent for a change in method of accounting as described in its APPENDIX. The document also modifies the procedures for requesting and obtaining non-automatic advance consent for a change in method of accounting. Rev. Proc. 97-27 clarified and modified. Rev. Procs. 2001-10, 2002-28, 2004-34, and 2006-56 modified. Rev. Procs. 2008-52 and 2009-39 superseded, in part.