Realize there a various levels tax reporting(W2G) on gambling winnings in a casino. What requirements make it mandatory for the casino to withhold taxes on the winnings.?
I have seen slot winnings with nothing is withheld and some there is withholding.
Are there different requirements if a social security is or not shown?
tks all
bw
Start reading on page 23 (the numbered page, not the 23rd page in the pdf file) of this document from the Joint Committee on Taxes.
I should have added... you can find more information in the instructions for completing Form W2-G used by issuers.
Tks Alan, not a simple task as table game jackpots vs. slot jackpots create some confusion.
bw
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