IRS accepting applicants for 2027 CAP program beginning September 8

The IRS today announced the opening of the application period for the 2027 Compliance Assurance Process (CAP) program, which will run from September 8, 2026, to October 30, 2026.

According to today’s IRS release—IR-2026-107—the IRS will inform applicants if they are accepted into the program in February 2027.

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. To be eligible to apply for CAP, new applicants must:

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