A streamlined version of the Offshore Voluntary Disclosure Program, designed to bring taxpayers with unreported assets overseas into tax compliance, will end after the IRS determines there's no way a taxpayer who wanted to participate couldn't have heard about the process, Commissioner John Koskinen said.
The Internal Revenue Service doesn't yet have a plan for when it will end the program, Koskinen said. About 20,000 taxpayers have disclosed accounts through a streamlined filing program since June 2014, according to data from the IRS.