[IRS Plans to Reform Voluntary Disclosure Program, Lowering Penalties for Crypto Violations and Expediting Case Resolution in 120 Days] According to Forbes, the Internal Revenue Service (IRS) is preparing to reform its voluntary disclosure program, aiming to reduce penalties and expedite the processing of tax violations (including those related to cryptocurrencies). Jarod Koopman, IRS Director of Criminal Investigations, stated at the UCLA Extension Tax Dispute Conference that the goal is to roll out the revised plan by December, striving to resolve cases within 120 days of taxpayers submitting the required filings; the current process often takes over a year. The reform will not establish a separate disclosure process for digital assets; they will still be processed through the existing voluntary disclosure procedure. Koopman stated that the revised penalties will be "significantly lower" than current levels but did not provide specific figures, and consideration is being given to allowing taxpayers to settle outstanding amounts through installment payments or compromise offers. Meanwhile, lawmakers are pushing for a separate voluntary disclosure program for crypto taxpayers, including those who unintentionally report errors—the proposed Section 502 of the Digital Asset Tax Certainty Act, which passed the House Ways and Means Committee in September.