IRS Expanding Big Company Real-Time Audit Program for 2020

The IRS will begin accepting new applicants for 2020 to its popular real-time auditing program for large corporations.

It is the first time the agency has accepted new applicants since 2015. Current participants include corporations like Walmart Inc. and General Dynamics Corp.

Under the Compliance Assurance Program, or CAP, businesses work with a team of IRS auditors to ensure they comply with the tax code in the current year instead of getting audited years later.

• The application period for the 2020 program runs from Sept. 16 to Oct. 31, the Internal Revenue Service said in a Sept. ...