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Federal S for Taxes 2018-2025 Form

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going over IRS form 5754 statement by person or persons receiving gambling winnings so if you win gambling money uh whether it's Lottery you know like a state-run lottery whether you bet on the ponies at the horse track whether you win a bunch of money at at a poker uh you may be asked to complete this form uh specifically if there's a situation in which you entered a bet uh with one or more other people and the payer whether it's the state Lottery Commission whether it's the the horse track needs to allocate your winnings amongst M multiple people probably the one of the more uh frequent occurrences would be if a group of of people you know two or more uh decide to pull together money so that they can buy lottery tickets and whoever wins the lottery ticket or wi wins the lottery uh would complete this report and then they would also report uh certain information on the other persons uh that may may be eligible for those winnings so let's just im

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