Birdwatch Note Rating
2022-11-27 07:08:15 UTC - HELPFUL
Rated by Participant: 2DAAAE4E972F3E4B42B66AE33CE67082FB1AA1D04C9C8FB0E416303D1D027915
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