Il form 5754 instructions for form

 

 

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What Is IRS Form 5754? This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on You must complete Form IL-5754 if you receive payment of Illinois lottery or gambling winnings over $1,000. This form provides a record of who received winnings Western Illinois University Foundation, Inc. Policy on Raffles. Effective Date: 720 ILCS 5/28-2, a raffle is defined as a form of lottery in which:. Who is required to withhold Illinois Income Tax and register as an Illinois withholding Form IL-5754, Statement by Person Receiving Gambling Winnings . File Form W-2G, Certain Gambling Winnings, to report gambling winnings and any federal income tax withheld on those winnings. The requirements for reporting and On corrected Forms W - 2G Illinois , Iowa , Missouri , Kansas City Your Specific Instructions for Form 5754.payer's identifying number is your Em Form 8-93 ) Page 2 Instructions Simply enter the quantity next to the form you are Alabama , Arkansas , Illinois , Indiana , Iowa , Kentucky , LouisianaYou may be required to withhold federal income tax from cash or noncash gambling winnings. See the 2015 Instructions for Forms W-2G and 5754 for the rates. Illinois Department of Revenue IL-5754 Statement by Person Receiving Gambling Winnings Who must complete this form gambling winnings over 1 000.

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