Illinois Statement by Person Receiving Gambling Winnings
Extracted from PDF file 2023-illinois-form-il-5754.pdf, last modified August 2022Statement by Person Receiving Gambling Winnings
Illinois Department of Revenue IL-5754 Statement by Person Receiving Gambling Winnings Who must complete this form? You must complete Form IL-5754 if you receive payment of Illinois lottery winnings of $1,000 or more; or gambling, pari-mutuel wagering, and sports wagering winnings that are subject to federal withholding (more than $5,000). This form provides a record of who received winnings and to whom the winnings are taxable. The payer will use this information to prepare Form W‑2G. Step 2: Who will receive winnings? (Complete the following information for each person receiving winnings.) 1 __ __ __ __ __ __ __ __ __ What if I need additional assistance? Taxpayer identification number (SSN or FEIN) ______________ Amount won ________________________________________ Name If you need assistance, visit our website at tax.illinois.gov; call our Taxpayer Assistance Division at 1 800 732‑8866 or 217 782-3336; or call our TDD (telecommunications device for the deaf) at 1 800 544-5304. Our office hours are 8 a.m. to 5 p.m. ________________________________________ Step 1: Winnings information (Complete the following information.) City Date of payment ____/____/____ Type of winnings ____________________ Total won ___________________ Illinois Income Tax withheld ____________ Write the Social Security number (SSN) or federal employer identification number (FEIN), name, and address of the person to whom winnings were made payable. Street address ________________________________________ 2 __ __ __ __ __ __ __ __ __ ZIP ______________ Amount won ________________________________________ Name ________________________________________ __ __ __ __ __ __ __ __ __ Street address Taxpayer identification number (SSN or FEIN) ________________________________________ _______________________________________________________ Name _______________________________________________________ Street address _______________________________________________________ City Taxpayer identification number (SSN or FEIN) State State ZIP Under penalties of perjury, I declare that to the best of my knowledge and belief the names, addresses, and taxpayer identifying numbers which I have furnished correctly identify me as the recipient of this payment and correctly identify each person entitled to any portion of this payment. _______________________________________________________ Signature Date City 3 __ __ __ __ __ __ __ __ __ Taxpayer identification number (SSN or FEIN) State ZIP ______________ Amount won ________________________________________ Name ________________________________________ Street address ________________________________________ City State ZIP Step 3: Provide this completed and signed form to the person who is paying the winnings. IL-5754 (R-08/22) This form is authorized under the Illinois Income Tax Act. Disclosure of this information is required. Failure to provide information may result in this form not being processed and may result in a penalty.
IL-5754, Statement by Person Receiving Gambling Winnings
More about the Illinois Form IL-5754 Individual Income Tax TY 2023
Complete Form IL-5754 if you win a lottery of over $1000 in Illinois, or gambling, or sports wagering winnings subject to federal withholding
We last updated the Statement by Person Receiving Gambling Winnings in February 2024, so this is the latest version of Form IL-5754, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IL-5754 directly from TaxFormFinder. You can print other Illinois tax forms here.
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TaxFormFinder has an additional 75 Illinois income tax forms that you may need, plus all federal income tax forms.
Form Code | Form Name |
---|---|
Form IL-1040-PTR | Property Tax Rebate Form |
Form IL-1040 | Individual Income Tax Return |
Schedule ICR | Illinois Tax Credits |
Form IL-1040-V | Payment Voucher for Individual Income Tax |
Form IL-1040-ES | Estimated Income Tax Payments for Individuals |
View all 76 Illinois Income Tax Forms
Form Sources:
Illinois usually releases forms for the current tax year between January and April. We last updated Illinois Form IL-5754 from the Department of Revenue in February 2024.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Illinois Form IL-5754
We have a total of two past-year versions of Form IL-5754 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
IL-5754, Statement by Person Receiving Gambling Winnings
2022 IL-5754, Statement by Person Receiving Gambling Winnings
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