Birdwatch Note Rating
2022-12-01 08:07:12 UTC - HELPFUL
Rated by Participant: 5B70E64624A96544D6FFDAE9AE552A37F9971E2C40AEF4ADA0084D5EB14471DC
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