receiving coins from ICO is taxable?

[eternalgloom]

That depeds on what country you're from, I'm assuming you're talking about the US here, in that case I think they tax every transaction.
Even those between crypto, so I would assume that it's correct you'll have to pay taxes once you receive ICO tokens.

It's a really crazy system IMO, I consider myself lucky that I don't live in the US

[dntkcoin]

Depends on which country you live in and also depends on if you cash out your coins to Fiat currency or not. In some countries no matter where you get your coins from and ICO or airdrop if you cash them out they will be taxable.