The U.S. Internal Revenue Service revises draft tax rules, specifically adding digital asset compliance provisions for U.S. brokers.

Techub News reported that the U.S. Internal Revenue Service (IRS) has released a draft of the 2026 version of Form W-9, an important document used to collect taxpayer identification information. The draft adds digital asset compliance provisions, requiring U.S. brokers to collect and verify customers' Taxpayer Identification Numbers (TINs) in transactions involving cryptocurrencies, NFTs, and other digital assets to enhance tax reporting. The draft also clarifies specific guidance for sole proprietors and disregarded entities when filling out TINs, reducing the risk of backup withholding caused by incorrect TINs. The new rules will take effect in January 2026. Businesses need to update their compliance processes, and individuals and companies should ensure their TIN information is accurate.