According to Forbes, Jarod Koopman, head of the Criminal Investigation Division of the Internal Revenue Service (IRS), stated that the IRS plans to launch a reformed voluntary disclosure system (VDP) by the end of November. The goal is to shorten the case processing cycle for taxpayers who submit complete documents to a maximum of 120 days, significantly reduce the penalty amount under the current system, and consider allowing arrangements such as installment payments. Koopman explicitly stated that the IRS will not establish a separate voluntary disclosure program for digital assets such as cryptocurrencies, and related tax violations will be included in the unified system like other taxable income. This plan is mainly aimed at intentional tax violations that may involve criminal liability. At present, the specific fine standards and final implementation details have not been announced. https://(wublock123.com)/news/irs-proposes-post-reform-voluntary-disclosure-cryptocurrency-no-separate-procedure-70623