The IRS has delayed the implementation of the $600 threshold for Form 1099-K reporting, now set to take effect in 2026. In the meantime, the threshold will gradually decrease, starting at $5,000 for the 2024 tax year. This delay provides small businesses and gig economy workers time to adjust to the new reporting requirements. Boston Financial Advisory Group offers guidance on prepari... https://bostonfagroup.com/#/IRS-again-delays-effective-date