1. Short title This Act may be cited as the Safe Harbor for Taxpayers with Forked Assets Act of 2018 . 2. Safe harbor period for penalties relating to tax treatment of hard-forked virtual currency (a) In general In the case of a taxpayer who during the applicable period receives forked convertible virtual currency— (1) no penalties or additions to tax under part II of subchapter A of chapter 68 of the Internal Revenue Code of 1986 shall apply with respect to any portion of an underpayment or understatement of tax that is attributable to the taxpayer’s attempt during such period to comply with the tax treatment under such Code of the receipt of such virtual currency (or any disposition of such currency during such period)