CAP (Compliance Assurance Process)
The IRS Defines, "The Compliance Assurance Process (CAP) is a method of identifying and resolving tax issues through open, cooperative, and transparent interaction between the Internal Revenue Service (IRS) and Large Business and International (LB&I) taxpayers prior to the filing of a return. Through the CAP program you, the taxpayer, should achieve tax certainty sooner and with less administrative burden than conventional examinations.
The CAP prgram was initiated as a pilot for large business taxpayers in 2005. Based on reviews and results of CAP pilot cases the IRS announced on March 31, 2011 that the CAP would become permanent effective immediately."