Birdwatch Note Rating
2022-08-18 00:53:33 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 2F408595601026B7457E9E4E49F651A455BC3FC7EF1F25B20E8B638E0ABE6B17
Participant Details
Original Note:
This is misleading. The IRS rule only applies to commercial income, not personal exchanges of money.“The tax-reporting change only applies to charges for commercial goods or services, not personal charges to friends and family, like splitting a dinner bill.” https://www.nbcnews.com/news/venmo-paypal-zelle-must-report-600-transactions-irs-rcna11260
All Note Details