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

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The IRS has delayed the $600 threshold for Form 1099-K reporting, with the new requirements now taking effect in 2026. For small businesses and gig economy workers, this phased approach provides time to prepare for more detailed income reporting. Boston Financial Advisory Group recommends proactive tax planning, solid record-keeping, and regular financial reviews to stay ahead of thes... https://bostonfagroup.com/#/IRS-again-delays-effective-date

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