The Internal Revenue Service is asking publicly-traded corporate taxpayers interested in applying to the Compliance Assurance Process (CAP) in 2020 to provide a statement of interest.

Launched in 2005, CAP improves federal tax compliance by resolving issues prior to the filing of a tax return through open, cooperative and transparent interactions between the IRS and taxpayers. New applicants to CAP have not been accepted since 2015.

The statement of interest is a precursor to the formal application process that takes place in the fall of 2019. The IRS will use the information provided in the statements of interest by potential applicants to help determine the approach for expanding CAP in 2020.

For details on CAP eligibility, criteria and instructions, please refer to the statement of interest web page