IRS 1099-K Threshold & Tax Compliance Shifts

The $600 threshold was eliminated via One Big Beautiful Bill, restored to $20k/200 transactions, but income still reportable. CP2000 notices arriving. Quarterly estimated tax deadline June 15 with 6% compounding interest. S-Corp break-even at $60k net profit (2026). Freelancer retirement catch-up strategies active. Voluntary disclosure program for unreported gig income. Ongoing compliance burden for side hustlers. New resource: Ledgier offers no-subscription bookkeeping at $299/quarterly cleanup. New article provides practical framework for managing irregular income as a systems problem, with salary-from-holding-account method and tax-on-receipt rule.