IRS revised Form W-9 to strengthen digital asset compliance requirements

PANews September 25th news, according to Crowdfund Insider, the IRS released the 2026 version of Form W-9 draft, adding new digital asset compliance clauses, requiring US brokers to collect and verify customer tax numbers (TINs) in digital asset transactions such as cryptocurrencies and NFTs to strengthen tax declarations. The draft also clarifies specific guidelines for sole proprietors and neglected entities when filling out their tax numbers, reducing the risk of backup withholding due to tax numbers errors. The new regulations will come into effect in January 2026. Enterprises need to update their compliance procedures, and individuals and enterprises should ensure that tax number information is accurate.
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