In anticipation of upcoming changes to IRC 1446(f) and other regulations, the IRS has released draft versions of all Forms W-8 (BEN, BEN-E, ECI, and IMY but not EXP). We explore what the changes mean and what actions payors/withholding agents should take.

With tax reporting regulations coming down the pipeline in both the US and Europe, crypto brokers can start preparing now by creating awareness in their organisation in order to mobilise fast when the moment arrives. These reporting rules have been around for years in the rest of the financial services industry. Crypto brokers can learn from the experiences of their financial services peers rather than reinventing the wheel.

The IRS is making it more difficult for Qualified Intermediaries (QIs) to communicate with them by pushing more services into their secure digital platform E-Services. In order to get an account with E-Services, you must have a staff or point of contact that meets a list of requirements that few QIs can meet. Find out what is changing and what you can do about it to minimise disruption to your business.