Birdwatch Note Rating
2022-08-17 10:07:05 UTC - HELPFUL
Rated by Participant: AD8DC42A0C7729F56C4F30E56E6262C5285C3CADAB680599CAF1924DEA605484
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
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