Birdwatch Note Rating
2022-11-27 06:57:53 UTC - SOMEWHAT_HELPFUL
Rated by Participant: C2388632D55EC1365B93A292D3F414DB508D122C96352B30843AE1F6AE7D1FA1
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