[cheschire]

I’m assuming you’re referring to gifts, not the transfer of money for goods or services (i.e. one person paying for everyone’s lunch and then getting repaid)

If so, then this page may answer your question. Basically unless you’re transferring over $22k in total in a year using Apple Cash, you’re fine.

https://www.irs.gov/businesses/small-businesses-self-employe...

[pdimitar]

Yep, they're not penny-pinching each other. As you said, sometimes someone ends up paying for long family dinners thrice in a row but they're cool about it and somebody else just wires the person $400 a week or so later.

Multiply such occurrences several times a month and you get the idea.

Thanks for the link, it's helpful.