Birdwatch Note Rating
2022-11-27 00:01:35 UTC - SOMEWHAT_HELPFUL
Rated by Participant: C47F0E08D5CE6DFECD20CAFA068C81BF35BFEA8F9DBF3DFA57CF3F2F8B8D1994
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