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Details: ht
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.