IRS Accepting Applicants for 2026 Compliance Assurance Process (CAP)

Summary: The IRS announced the application window for the 2026 CAP program, running September 3 through October 31, 2025. Successful applicants will be informed in February 2026. CAP promotes real-time issue resolution between large corporations and the IRS, preventing disputes after returns are filed.Key details:Applicants must have assets of $10 million or more.Eligible entities: U.S. publicly traded corporations (required to file SEC 10-K, 10-Q, 8-K) or privately held C-corporations, including foreign-owned.Privately held applicants must submit audited financial statements with an unqualified audit opinion (GAAP, IFRS, or approved standard) and unaudited quarterly reports.Audited financials must reconcile with Schedule M-3 Line 4(a).Entities under investigation or litigation restricting IRS access are not eligible.Next steps: Full program details and updates available on the IRS CAP webpage.