Birdwatch Note Rating
2022-08-17 17:33:58 UTC - HELPFUL
Rated by Participant: B1C5C2AFA728FEA2FB000676C4042D8A4B1414189951660003FAB89BECD98269
Participant Details
Original Note:
This tweet is misleading. The IRS rule only applies to business transactions. “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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