The 2022 Compliance Assurance Program (CAP) application period opens on Sept. 1, 2021. CAP is a voluntary real-time issue resolution program run by the IRS for large corporate taxpayers. The goal of CAP is to resolve tax issues before a taxpayer files a return. To apply for CAP, new applicants must have assets of $10 million or more, be a U.S. publicly traded corporation, and not be under investigation by, or in litigation with, any government agency that would limit the IRS’s access to current tax records. The CAP application period runs through Nov. 1, 2021. For more information about CAP guidelines visit: http://bit.ly/3gKX609
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