Birdwatch Archive

Birdwatch Note Rating

2022-11-28 15:06:27 UTC - HELPFUL

Rated by Participant: A7F489958C4CECC5913DBE25ACBBFD027AD84A4BAE8AFFBA3C7FC24331F20219
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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