Cryptocurrency is subject to the same tax rules as traditional assets, including stocks and real estate. This means that selling, trading, or spending crypto can trigger taxable events. Failing to report these transactions may lead to penalties and audits. This article explores what happens when you don’t pay your crypto taxes and how to stay compliant. It explains key aspects of cryptocurrency taxation, such as capital gains, reporting requirements, and the consequences of non-compliance. Understanding these factors is crucial for avoiding potential legal trouble and ensuring accurate financial reporting. Whether you’re a casual trader or an active investor in the crypto space, this guide provides essential information on navigating the world of crypto taxes. Key takeaways:**