Birdwatch Archive

Birdwatch Note Rating

2022-11-27 07:08:15 UTC - HELPFUL

Rated by Participant: 6CC53B7E910969E824906155AE98D700FA8C9CBBDEA93FAC736BD36CDF9AFCB4
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

Original Tweet

All Information

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