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Form IL-5754 Statement by Person Receiving Gambling Winnings - Illinois
What Is Form IL-5754?
This is a legal form that was released by the Illinois Department of Revenue - a government authority operating within Illinois. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form IL-5754?
A: Form IL-5754 is a statement that must be filed by a person receiving gambling winnings in Illinois.
Q: When do I need to file Form IL-5754?
A: You need to file Form IL-5754 if you receive gambling winnings from Illinois.
Q: Who needs to file Form IL-5754?
A: Any person who receives gambling winnings in Illinois needs to file Form IL-5754.
Q: Do I need to include Form IL-5754 with my tax return?
A: Yes, you need to include Form IL-5754 with your tax return if you received gambling winnings in Illinois.
Q: What information do I need to provide on Form IL-5754?
A: You need to provide your name, address, social security number, the name and address of the payer, and the amount of gambling winnings you received.
Q: Is there a deadline for filing Form IL-5754?
A: There is no specific deadline for filing Form IL-5754, but it should be filed with your tax return.
Q: Are there any penalties for not filing Form IL-5754?
A: Yes, there may be penalties for not filing Form IL-5754, so it is important to include it with your tax return.
Q: Can I file Form IL-5754 electronically?
A: No, Form IL-5754 cannot be filed electronically and must be included with your paper tax return.
Q: Is Form IL-5754 required for out-of-state residents who receive gambling winnings in Illinois?
A: Yes, even out-of-state residents who receive gambling winnings in Illinois are required to file Form IL-5754.
Form Details:
- Released on December 1, 2021;
- The latest edition provided by the Illinois Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Form IL-5754 by clicking the link below or browse more documents and templates provided by the Illinois Department of Revenue.
