The IRS has opened applications for the 2025 Compliance Assurance Process (CAP) program, allowing large corporations to improve federal tax compliance. The application period runs from September 4 to October 31, with notifications of acceptance expected by February 2025. Additionally, the IRS has relaunched its voluntary disclosure program for the Employee Retention Credit (ERC), allowing businesses to repay 85% of incorrectly claimed credits without penalties or audits until November 22, 2024. This program is specifically for tax periods in 2021, following a previous program that ended in March 2024, which allowed repayment of 80%. The IRS aims to provide relief for businesses misled by aggressive marketing tactics into claiming improper credits, with plans to mail out additional letters regarding potentially improper claims. This initiative reflects the IRS's commitment to improving compliance and addressing past errors in ERC claims.