Birdwatch Note Rating
2022-11-28 20:32:14 UTC - HELPFUL
Rated by Participant: 250327813C88A4F8F5D857749223F9FBB47C073B00BB4690ED9B580011AE1709
Participant Details
Original Note:
Per MarketWatch, the new rule does not apply to noncommercial payments like reimbursing someone for food or rent or other one-off transactions. It is intended to crack down on income tax evasion using third-party payment systems such as PayPal and Venmo. https://www.marketwatch.com/story/irs-warns-americans-over-600-threshold-to-report-venmo-paypal-payments-11669480433
All Note Details