1

IRS Delays Effective Date of $600 Threshold for Form 1099-K Reporting

News Discuss 
The IRS has delayed the implementation of the $600 threshold for Form 1099-K reporting, with the new requirement set to take effect in 2026. In the meantime, small businesses and gig economy workers have a phased transition, with the threshold starting at $5,000 for the 2024 tax year and reducing to $2,500 in 2025. Boston Financial Advisory Group offers guidance on tax compliance stra... https://bostonfagroup.com/#/IRS-again-delays-effective-date

Comments

    No HTML

    HTML is disabled


Who Upvoted this Story