Birdwatch Note Rating
2022-11-27 04:55:43 UTC - HELPFUL
Rated by Participant: 97DD228923C6CD1DBD0DD3E68800B5D96A946C29F6D34BF77F7C78DBACD6ABC4
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