US information reporting, from W-9 to 1099.

It's the returns businesses file with the IRS, and the copies they send customers, to report payments and transactions: the 1099 series, plus 1042-S for payments to non-US persons. It starts with the W-9 and W-8 forms you collect to know each customer's tax status. Taxbit handles all of it, from collecting forms at signup to filing returns at year-end.

Form 1099-DA is the IRS form US crypto brokers use to report their customers' crypto sales and exchanges. It works like Form 1099-B does for stocks, giving the IRS and the customer a record of what was sold.

US crypto brokers that hold crypto for their customers, including exchanges, some wallet and custody providers, and payment processors that sell crypto for customers. They file a form with the IRS for each reportable customer and send the customer a copy.

It covers sales from January 1, 2025, so the first forms were filed in early 2026. Brokers reported sale proceeds first, and cost basis is required for crypto bought from January 1, 2026 onward.

Yes, for crypto bought from 2026 onward. Cost basis is the hard part, because it has to follow crypto as it moves between wallets and platforms, and the record of what the customer paid is often on a different platform from the sale.

1099-B covers stock and securities sales. 1099-K covers card and payment app transactions. 1099-DA is just for crypto sales. A business that sells crypto and also pays out through cards or payment apps may file more than one, and Taxbit creates all of them from the same data.

No. Form 1099-DA is the IRS form for US crypto brokers. DAC8 is the EU's crypto reporting rule, filed with EU tax authorities. A platform with both US and EU customers may need to file both, and Taxbit creates both from the same data.

It depends on what you do. Crypto sales need 1099-DA, card and payment app payouts need 1099-K, payments to contractors need 1099-NEC, interest or rewards on customer balances need 1099-INT or 1099-MISC, and payments to non-US persons need 1042-S. Most businesses file several, and Taxbit creates them all from the same data.

A W-9 is how a US person gives you their taxpayer identification number (TIN) and certifies their status. A W-8 is how a non-US person or entity certifies foreign status, which decides whether withholding applies and whether they get a 1099 or a 1042-S. Taxbit collects both in the same onboarding flow.

TIN matching checks that the name and taxpayer identification number a customer gives you match IRS records. Taxbit does it in real time at signup, so mismatches get fixed before year-end instead of turning into B-Notices.

Form 1042-S reports US-source income paid to non-US persons, and any tax withheld. The payer also files Form 1042, an annual withholding return. Taxbit generates both from the same records it uses for your 1099s.

A B-Notice is the IRS telling a payer that the name and TIN on a 1099 don't match its records. Taxbit reads the IRS files, lists the mismatches, and produces what you need to fix them.

IRIS is the IRS's new system for filing information returns electronically, replacing the older FIRE system. Moving to it changes how returns are sent to the IRS. Taxbit handles that move for its customers.