Ill. Admin. Code tit. 80, § 2510.25 - Forms W-2G and 5754
a) Internal
Revenue Code Section 3402(q)(6) requires certain tax reporting statements from
winners of State Lotteries subject to tax withholding as described in I.R.R.
31.3402(q)(1), I.R.R. 31.3402(q)(1)(b) and Ill. Rev. Stat. 1983, ch. 12, par.
7-710(a). This Section specifies procedures to be followed by State agencies in
initiating payments to such Lottery winners.
b) The State Lottery Division is to be the
sole receiving point for Lottery winners' Forms W-2G (in the case of a sole
recipient) or Forms 5754 (in the event that persons other than the recipient
are entitled to all or a portion of the winnings). Form W-2G or Form 5754 must
be obtained from the recipient of winnings before any payment is made; i.e.,
before any payment voucher is transmitted to the Comptroller's
Office.
c) The State Lottery must
include on the payment voucher the relevant tax withholding information for
each person entitled to a portion of the lottery winnings. This would consist
of the name, address, Social Security or Federal Employee Identification
(FEIN), date, amount of payment, amount withheld and type of wager. This
information must be provided on the face of the payment voucher; merely
attaching a duplicate W-2G or Form 5754 to the voucher will not be
sufficient.
Notes
Added at 9 Ill. Reg. 19376, effective December 4, 1985
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