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 Irs Instructions 5754 Form 2017

Irs Instructions 5754 Form 2017

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New Reportable winnings. The text in box 1 of Form W-2G has been changed from “Gross winnings” to “Reportable winnings.” This change clarifies that for certain types of gambling activity, the amount shown in box 1 is gross winnings less the amounts of the wager or buy-in. New payee identification requirements. A payee of bingo, keno, or slot machine winnings must present two forms of identification, one of which must include the payee’s photo. A completed Form W-9 is acceptable as the other...
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