Tax insight

Year-end tax documentation, withholding, and information reporting updates

Insight
9 minute read
December 19, 2025

What happened?

Several recent developments with respect to tax documentation, tax withholding, and information reporting rules will affect withholding agents and payors in carrying out their obligations.

Why is it relevant?

Many of these recent developments may require withholding agents and payors to modify systems and processes to adapt to these developments.

Actions to consider

Because these recent updates affect documentation, withholding, and reporting, withholding agents and payors should carefully evaluate how their business is affected and implement plans to comply with these new requirements.