Birdwatch Note Rating
2022-11-27 03:40:18 UTC - NOT_HELPFUL
Rated by Participant: E0C9D353C262CDC72424F0FFE544AEFCD5759558F2E2E13A99E4E83AA4453510
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