In late August, the IRS announced (in IR-2019-154) that corporations must apply between Sept. 16 and Oct. 31 if they want to participate in the Compliance Assurance Process (CAP) for the 2020 program year.
For the first time since 2015, the IRS will allow new applicants to apply to participate in the program.
Corporations must meet certain criteria to qualify for the CAP program, which the IRS also announced it has expanded.