Birdwatch Note Rating
2022-11-27 17:06:53 UTC - HELPFUL
Rated by Participant: 41A255EAC9F3B8D27268698BFDDB4A480B30FA099BF0DFD14BC995B95E0835A5
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