Birdwatch Note Rating
2022-08-18 00:26:43 UTC - HELPFUL
Rated by Participant: A227869B752DF62F7538C29F2D2D225BAE499F3095FF33A985D81DD1C622A0E8
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