IRS accepting applicants for 2025 Compliance Assurance Process (CAP) program beginning September 4, with expanded eligibility criteria

Type
:
Obligation
Tax Area
:
Corporate Income Tax
Status
:
Guidance
Qualification
:
Various
Implemented date
:
NA
Country
:
United States
Date added
1 Aug
,
2024
Docxster’s Summary

The IRS has announced that the application period for the 2025 CAP program will open on September 4, 2024. This program allows taxpayers to apply for a pre-filing agreement with the IRS, which can help reduce the risk of an audit and provide certainty for future tax years. The application process is highly competitive, and interested taxpayers should start preparing now to ensure they have the best chance of being accepted.

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Source :
KPMG
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