IRS Opens 2025 Tax Compliance Program for Corporations

The IRS on Thursday announced the opening of the application period for the 2025 Compliance Assurance Process (CAP) program on Sept. 4.

The application period lasts until Oct. 31, and the IRS will inform applicants if they’re accepted into the program in February 2025.

Launched in 2005, CAP helps large corporations improve federal tax compliance. The process enables the taxpayer and the IRS to:

Use real-time issue resolution tools and techniques.
Resolve issues before filing tax returns and comply with federal tax laws.
Ensure accurate tax returns, shortening the IRS audit process.

To be eligible to apply for CAP, applicants must:

Have assets of $10 million or more.
Be a U.S. publicly traded corporation with a legal requirement to prepare and submit SEC Forms 10-K, 10-Q, and 8-K or a privately held C-corporation, including foreign-owned. Privately held applicants will be required to submit audited financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles, International Financial Reporting Standards, or another permissible method, as deemed appropriate by the IRS, specific to the taxpayer applying to the CAP program on an annual basis and unaudited financial statements on a quarterly basis.
Not be under investigation by, or in litigation with, any government agency that would limit the IRS’s access to current tax records.

See highlights and updates for detailed information on revisions to the CAP program for 2025, including updates on Bridge Plus, an expansion of the applicant eligibility criteria, a new eligibility exception and a new form for international issues. General program information and the 2025 application details are available on the CAP webpage.