PANews reported on September 25th that, according to Crowdfund Insider , the U.S. Internal Revenue Service ( IRS ) has released a draft of the 2026 version of Form W-9 , adding new digital asset compliance provisions. These new provisions require U.S. brokers to collect and verify client Taxpayer Identification Numbers ( TINs ) when trading digital assets like cryptocurrencies and NFTs to strengthen tax reporting. The draft also provides specific guidance for sole proprietors and disregarded entities when filling out their TINs, mitigating the risk of backup withholding due to errors in TINs. The new regulations will take effect in January 2026 , requiring businesses to update their compliance processes and individuals and businesses to ensure their TIN information is accurate.PANews reported on September 25th that, according to Crowdfund Insider , the U.S. Internal Revenue Service ( IRS ) has released a draft of the 2026 version of Form W-9 , adding new digital asset compliance provisions. These new provisions require U.S. brokers to collect and verify client Taxpayer Identification Numbers ( TINs ) when trading digital assets like cryptocurrencies and NFTs to strengthen tax reporting. The draft also provides specific guidance for sole proprietors and disregarded entities when filling out their TINs, mitigating the risk of backup withholding due to errors in TINs. The new regulations will take effect in January 2026 , requiring businesses to update their compliance processes and individuals and businesses to ensure their TIN information is accurate.
The IRS amends Form W-9 to strengthen digital asset compliance requirements
PANews reported on September 25th that, according to Crowdfund Insider , the U.S. Internal Revenue Service ( IRS ) has released a draft of the 2026 version of Form W-9 , adding new digital asset compliance provisions. These new provisions require U.S. brokers to collect and verify client Taxpayer Identification Numbers ( TINs ) when trading digital assets like cryptocurrencies and NFTs to strengthen tax reporting. The draft also provides specific guidance for sole proprietors and disregarded entities when filling out their TINs, mitigating the risk of backup withholding due to errors in TINs. The new regulations will take effect in January 2026 , requiring businesses to update their compliance processes and individuals and businesses to ensure their TIN information is accurate.
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FORM Price(FORM)
$0.2142
$0.2142$0.2142
USD
FORM (FORM) Live Price Chart
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