Techub News reports that the IRS has released the draft of Form W-9 for 2026, which is an important document for collecting taxpayer identification information. New compliance provisions for digital assets have been added, requiring U.S. brokers to collect and verify client Tax Identification Numbers (TIN) in transactions involving Crypto Assets, NFTs, and other digital assets to strengthen tax reporting. The draft also clarifies specific guidelines for sole proprietors and disregarded entities when filling out the TIN, reducing the risk of backup withholding due to TIN errors. The new regulations will take effect in January 2026, and businesses need to update their compliance processes, while individuals and companies should ensure the accuracy of their TIN information.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)