Birdwatch Note Rating
2022-11-27 07:14:39 UTC - HELPFUL
Rated by Participant: 2A772CBCD572871D9502726BD14FF49291E7697B4F9712C39A423D06C1CF219D
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