The Internal Revenue Service Revises Form W-9 to Strengthen Digital Asset Compliance Requirements

BlockBeats News, September 25, the Internal Revenue Service (IRS) of the United States released a draft of the 2026 version of Form W-9, adding digital asset compliance provisions. The draft requires U.S. brokers to collect and verify customer Taxpayer Identification Numbers (TINs) in cryptocurrency, NFT, and other digital asset transactions to enhance tax reporting.

The draft also provides specific instructions for sole proprietors and disregarded entities when filling out their TIN to reduce the risk of backup withholding due to TIN errors. The new regulation will take effect in January 2026, requiring businesses to update their compliance processes, and individuals and entities to ensure the accuracy of their TIN information. (Crowdfund Insider)