 internal revenue service IRS tax news IRS accepting applicants for compliance assurance process for 2023 but first an attempt at a joke at the last presidential press conference president Biden was having a great time explaining how much he admired how spectacularly they used to arrange the deck chairs on the Titanic president Biden telling a nice story about how neatly and efficiently they used to arrange those chairs explaining how it takes great leadership to keep those chairs in order even under extreme circumstances thanks to my leadership skills cowering running and pulling a skedaddle we are safe from our enemy he went on to compare how the beautiful order of the deck chairs on the Titanic mirrored the beautiful orderly way he has checked off every physical and emotional categorical box in all of America's hiring practices I can't take anymore boxes inside box whatever is in that better be with them all the boxes except perhaps competence hello I'm Dr. Gupta yes I'm a woman I suppose you have a problem with that that top down orderliness being the key to success in a Democratic Republic no is my wife gonna be okay are you questioning my confidence given his brilliance president Biden honestly can't see how inflation continues to increase and his approval ratings continue to decrease I'm afraid it doesn't look good what do you mean take a look for yourself I can't see you should open high Frank oh yeah I can see it now IR 2022-158 September 15th 2022 Washington the Internal Revenue Service announced today that the opening of the application period for the 2023 compliance assurance process the CAP CAP program the application period runs from September 15th to November 15th 2022 the IRS will inform applicants if they're accepted into the program in February 2023 launched in 2005 the CAP CAP employees 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 CAP new applicants must have assets of ten million dollars or more be a US publicly traded corporation with a legal requirement to prepare and submit SEC form 10 K 10 Q and 8 K and not be under investigation by or in litigation with any government agency that would limit the IRS's access to current tax records to be eligible to participate in CAP CAP taxpayers must adhere to CAP program limits on the number of open years general program information and the 2023 application details are available on the CAP web page there's a link to that here there'll be a link to this in the description