Birdwatch Note Rating
2022-08-18 00:26:43 UTC - HELPFUL
Rated by Participant: BEA872E31A803E40F7BDA49B64A125F40A917014D4945073A3DFAEC9B01A2D96
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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