Crypto and taxes may not be a match made in heaven, but taxes seem inevitable, and the United States Internal Revenue Service (IRS) has made it clear it is going after people who don’t report. This is what you get. IRS summonsesTo Coinbase (NASDAQ :), Kraken Circle and Poloniex plus other enforcement activities, the IRS is actively on the trail. The IRS received 10,000 lettersDifferent versions of the request for compliance were made, however all were subtle nudges to taxpayers to comply.

It has been said that the IRS hunt is for crypto just like it was ten years ago. It is unclear if there will be any crypto amnesty programs that mimic the voluntary offshore disclosure programs created by the IRS for offshore accounts.