[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-302606-105":53,"doc-detail-302606-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","catching-up-with-recent-changes-at-the-irs-irs-update-overview-guidance-for-2026-tax-season","Catching Up With Recent Changes at the IRS - IRS update overview - guidance for 2026 tax season","","Catching Up With Recent Changes at the IRS summarizes three major Internal Revenue Service updates and explains who is likely to be affected and how to adapt. It details the new Form 1099-DA for reporting digital asset transactions, including definitions of digital assets, tax consequences of selling or receiving them, broker reporting starting in 2026, and key taxpayer responses. It also covers increased employer liability when third-party payroll processors fail and the discontinuation of paper check refunds for individual taxpayers, aiming to prepare readers for the 2026 tax season.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/catching-up-with-recent-changes-at-the-irs-irs-update-overview-guidance-for-2026-tax-season/302606/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/catching-up-with-recent-changes-at-the-irs-irs-update-overview-guidance-for-2026-tax-season/302606.png","ImageObject",442,249,{"name":88,"@type":89},"Cart","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-27","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":76},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is the new IRS Form 1099-DA intended to do?","Question",{"text":108,"@type":109},"Form 1099-DA formalizes reporting of digital asset transactions to improve compliance and expand reporting requirements.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How do selling or exchanging digital assets generally affect a taxpayer?",{"text":113,"@type":109},"Selling, exchanging, or spending digital assets can trigger capital gains or losses.",{"name":115,"@type":106,"acceptedAnswer":116},"What should employers know about third-party payroll processors under the updated IRS approach?",{"text":117,"@type":109},"If payroll providers fail to make required payroll tax withholdings and payments, the employer may be liable for taxes and penalties due, even when using a third party or entering certain arrangements.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},302606,1790312594,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":76,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":47,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":73},18829141979164,"https://eur-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","Catching Up With Recent Changes at the IRS  \n©2025 SWC (Stees. Walker & Company, LLP) | All rights reserved. | No portion of this singlet may be used without the express and written permission of SWC  \nT  \nhat old adage about death and taxes deserves another look. Since 1913, the U.S. tax code has kept changing, and the Internal Revenue Service (IRS) issues updates every year that can a ect you. Of course you can always rely on the experts here at SWC to  \nkeep you posted on recent changes.  \nLike what, you ask. Here’s just three recent changes that have popped up on our radar screen that you’ll want to know about:  \n􀂃 The rollout of the newly created Form 1099-DA, which expands reporting requirements for digital asset transactions  \n􀂃 Increased liability for employers who use third-party payers to process their payroll transactions  \n􀂃 The discontinuation paper check refunds to individual taxpayers  \nIn this singlette, we highlight each change in turn, whom it is likely to impact, and how to navigate the new rules and procedures. The goal, of course, is to leave you well prepared for tax season 2026. Our next singlette will focus on additional changes you need to be aware before we meet with you during your 2025 Year-End Tax Projection meeting.  \nFirst up, there’s going to be a new IRS form for reporting digital asset transactions.  \npage 1 Continued  \nCatching Up With Recent Changes at the IRS Continued  \nNew Form for Reporting Digital Asset Transactions  \nTo formalize the reporting of digital-asset transactions and improve compliance, the  \nIRS has developed a new Form 1099-DA. According to the IRS, a digital asset is any computerized representation of value recorded on a cryptographically secured distributed ledger like the blockchain or any similar technology. Digital assets include the following:  \n􀂃 Cryptocurrencies, such as Bitcoin, Ethereum, Solana, Dogecoin, and others that can be used as payment or held as investments  \n􀂃 Stablecoins, such as Tether, USDC, Dai, Ethena USDe, and others that are digital tokens attached to the value of fiat currencies  \n􀂃 Non-fungible tokens (NFTs), such as Render, Immutable, FLOKI, and GALA, all of which are unique digital certificates of ownership tied to digital art, collectibles, or games  \n􀂃 Tokenized assets that represent ownership in real-world assets, such as real estate shares or commodities  \nAs a taxpayer, here’s what you need to know about digital assets:  \n􀂃 Selling, exchanging, or spending digital assets can trigger capital gains or losses (profit earned on the sale of an asset, or the loss you incur when a capital asset decreases in value and is sold at a loss).  \n􀂃 Digital assets received as payment for goods and services counts as ordinary income.  \n􀂃 Starting in 2026, brokers must report acquisitions and sales of digital assets for calendar year 2025 transactions, as well as proceeds from such transactions, using Form 1099-DAs.  \n􀂃 Brokers may but are not required to provide the acquisition date and cost basis of digital assets acquired on or before Dec. 31, leaving it up to you and your tax advisor to gather this cost basis information.  \n􀂃 If you receive an IRS Form 1099-DA, answer “yes” to the digital asset question on Form 1040 that asks whether you received, sold, exchanged, or otherwise disposed of a digital asset. A similar question may appear on other tax forms, as well, including IRS Form 709 United States Gift (and Generation-Skipping Transfer) Tax Return; IRS Form 1041, U.S.  \nIncome Tax Return for Estates and Trusts; IRS Form 1065, U.S. Return of  \nPartnership Income; IRS Form 1120, U.S. Corporation Income Tax Return;  \nand IRS Form 1120-S, U.S. Income Tax Return for an S Corporation.  \nContinued  \nCatching Up With Recent Changes at the IRS Continued  \nNote: For now, what’s most important is that you gather basis information (the original value of an asset for tax purposes) about any digital assets you currently own or acquire thereafter, including the date y","cbCaitqYom9TSL5J","https://ap.wps.com/l/cbCaitqYom9TSL5J","pdf",259040,"English","# New Form for Reporting Digital Asset Transactions\n## Digital asset definition and categories\n## Tax treatment for taxpayers\n## Filing guidance and required basis information\n# Changes in Employer Liability for Third-Party Payroll Processors\n## Employer liability overview\n## Service contracts and CPEO considerations","[{\"question\":\"What is the new IRS Form 1099-DA intended to do?\",\"answer\":\"Form 1099-DA formalizes reporting of digital asset transactions to improve compliance and expand reporting requirements.\"},{\"question\":\"How do selling or exchanging digital assets generally affect a taxpayer?\",\"answer\":\"Selling, exchanging, or spending digital assets can trigger capital gains or losses.\"},{\"question\":\"What should employers know about third-party payroll processors under the updated IRS approach?\",\"answer\":\"If payroll providers fail to make required payroll tax withholdings and payments, the employer may be liable for taxes and penalties due, even when using a third party or entering certain arrangements.\"}]","Catching Up With Recent Changes at the IRS - IRS update overview - guidance for 2026 tax season | PDF",1789794461]