First came the crypto crash. Now comes the taxman.

The rout in cryptocurrencies got worse this week with the collapse of the offshore exchange FTX. With bitcoin recently down more than 60% in 2022, many crypto investors will surely be happy to forget about digital assets, at least for now.

That would be a mistake. The Internal Revenue Service has not lost interest in cryptocurrencies, and investors need to focus on important tax issues before the end of the year.