On Friday, April 17th, 2020, the Internal Revenue Service posted Rev. Proc. 2020-25 to its website. This new revenue procedure provides guidance on how taxpayers can fix the “retail glitch” that was retroactively corrected by H.R. 748, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, Public Law No. 116-136. Rev. Proc. 2020-25 also modifies the scope of several existing automatic change procedures and provides automatic method change procedures to make certain late elections or withdraw or revoke those elections. Click here for the full article.