Tag: Form 1099-DA

With reporting demands tightening again, organisations are preparing for another year shaped by tax rule updates, revised IRS forms and rising expectations around reporting...

Navigating the US tax season can be demanding for businesses operating across borders, digital assets and complex payment flows, but understanding the 2026 IRS...

As IRS regulations expand to cover digital assets, companies must take proactive steps to ensure tax compliance. Amendments to Sections 6045 and 6045A now...

The recent shifts in the regulatory landscape, especially with the expansion of Section 6045 and 6045A, now encompass a broader spectrum of financial actors including digital asset trading platforms and payment processors.

On June 28, 2024, the IRS released the much-anticipated final regulations for digital asset brokers, providing detailed guidance for reporting sales and exchanges of digital assets.

In a significant regulatory update, the IRS is set to introduce Form 1099-DA in 2025, a new requirement for digital asset reporting that will affect financial advisors and their clients deeply.