According to Forbes, the Internal Revenue Service (IRS) is preparing to reform its voluntary disclosure program, aiming to reduce penalties and expedite the handling of tax violations, including those related to cryptocurrency. Jarod Koopman, the head of IRS Criminal Investigation, stated at the UCLA Extension Tax Controversy Conference that the goal is to launch the revised program by December, allowing taxpayers to resolve their cases within 120 days after completing the required filings; the current process often takes over a year. The reform will not create a separate disclosure process for digital assets, which will still be handled under the existing voluntary disclosure procedures. Koopman mentioned that the revised penalties will be 'significantly lower' than current levels, although he did not provide specific figures, and he is considering allowing taxpayers to settle their debts through installment payments or offers in compromise. Meanwhile, lawmakers are pushing for an independent voluntary disclosure program for taxpayers who unintentionally report crypto errors, as proposed in Section 502 of the Digital Asset Taxation Certainty Act, which passed the House Ways and Means Committee in September.