Birdwatch Note Rating
2022-11-27 01:55:22 UTC - HELPFUL
Rated by Participant: D9DB3A6E1E5A51394C5F9A9EBAEEE2B5D89883C67410FE0F9580F3DBD1FA60F1
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