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Form W 2G Rev January Internal Revenue Service

Form W 2G Rev January Internal Revenue Service

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welcome to county office your ultimate guide to local government services and public records let's get started how to fill out a form W2 G imagine the thrill of winning big at the or hitting the jackpot on a lottery ticket the excitement is palpable but so is the responsibility yes Uncle Sam wants to know about your winnings and that's where form w2g comes in this little piece of paper is how you report those extra dollars to the tax man let's dive into the joy of tax forms shall we first things first you'll need a form w2g in hand this form is used to report gambling winnings and any federal income tax withheld on those winnings the requirement to fill this out kicks in after hitting certain thresholds of Victory so if you've won a sum that's large enough the payer that's the racetrack or Lottery agency will hand you this form now let's break it down the form has several boxes each asking for specific bits of information

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