The U.S. Internal Revenue Service (IRS) has released a draft of the 2026 Form W-9, adding new digital asset compliance provisions that require U.S. brokers to collect and verify client Taxpayer Identification Numbers (TINs) when trading digital assets like cryptocurrencies and NFTs to enhance tax reporting. The draft also provides specific guidance for sole proprietors and disregarded entities when filling out their TINs, reducing the risk of backup withholding due to incorrect 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. (Crowdfund Insider)