Birdwatch Note Rating
2022-11-28 01:17:21 UTC - NOT_HELPFUL
Rated by Participant: E6B642F311A86B9CD73F8CC3BA63EB953D7B8DCB1FFB2F173220393353788974
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