The IRS has delayed the implementation of the $600 threshold for Form 1099-K reporting, with a gradual transition set to take effect in stages: 2024 Tax Year: $5,000 threshold 2025 Tax Year: $2,500 threshold 2026 Tax Year: $600 threshold This delay provides small businesses and gig economy workers more time to prepare for the new requirements. Key considerations include updating... https://bostonfagroup.com/#/IRS-again-delays-effective-date