
Accounting in the Wild
W-9, 1099-K, and the Tax Benefit Rule: What Every Accountant Should Know (Fall 2025 Update)
<p>In this episode, Jason Dinesen breaks down three big updates affecting accountants, tax preparers, and small business owners in Fall 2025:<br/><br/>🔹 1. Draft W-9 Changes<br/><br/>The IRS has released a draft of Form W-9 that could significantly change how sole proprietors and single-member LLCs report their Taxpayer Identification Numbers. Jason explains:<br/><br/>What’s in the draft (and what’s not official yet)<br/><br/>Why sole proprietors might soon be required to use their Social Security Number<br/><br/>How to keep tabs on the official IRS W-9 page for updates<br/><br/>🔹 2. 1099-K Thresholds and the “B...

