LR Tax & Accounting wants to announce the opening of the application period for the 2020 Compliance Assurance Process program. For the first time since 2015, new corporate applicants who meet eligibility requirements can apply for CAP.
The application period runs between September 16 to October 31, 2019. Once submitted, the IRS will let applicants know if they're accepted into the program around January 31, 2020.
Launched in 2005, CAP employs real-time issue resolution, through transparent and cooperative interaction between taxpayers and the IRS, to improve federal tax compliance by resolving issues prior to the filing of a tax return.