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Yonkers New York online Form W-2G: What You Should Know

Form W-2G Overview: The New York Lottery Winnings Tax Payment If you won a lottery, and you didn't have to file a W-2G, it will work out to be 1,000/tax year (if you had to file as a nonresident alien), but you do not have to pay taxes on that money at that time, and you can later make a claim for a refund of the tax. You will receive a letter from your county government in the mail to let you know you have won. That letter will generally give you two choices: 1. Check the lottery to see if it was a winner you may claim 2. File a W-2G form so that the lottery owner will know the amount you won The IRS gives a list of all lottery winnings every week or two, but the lottery winner is not obligated to provide the form. If you don't owe federal tax on the money, then you do not have to file. It's important that you check that the tax was paid for any winnings from any state and federal lotteries or other winnings. You are responsible for paying taxes on lottery winnings you receive.

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