Accounting Today

IRS changes CAP program for large corporate taxpayers

The Internal Revenue Service is making some adjustments to its Compliance Assurance Process, a program aimed at large corporate taxpayers that involves cooperating with the IRS before any audits.
Accounting Today

IRS set to open annual CAP program for big companies

The Internal Revenue Service is preparing to open the 2026 Compliance Assurance Process program application period for public companies with at least $10 million in assets. Processing Content The ...
Los Angeles Times

California’s cap-and-trade program faces daunting hurdles to avoid collapse

Reporting from SACRAMENTO — The linchpin of California’s climate change agenda, a program known as cap and trade, has become mired in legal, financial and political troubles that threaten to derail ...
Los Angeles Times

Column: No longer termed a ‘failure,’ California’s cap-and-trade program faces a new critique: Is it too successful?

Sometimes it seems as if California’s cap-and-trade program can’t catch a break. It wasn’t so long ago that critics were blasting the program as a failure. Its fortunes seemed to hit bottom at the ...