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It is solely the duty of a US citizen to report their income and submit all necessary tax documents, which includes the IRS W-2GU. US Legal Forms makes tax management simpler and more efficient. You can locate any legal forms you need and fill them out online.
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Yes, you are required to claim W2G winnings on your taxes, as they represent taxable income. Failing to report this income could lead to penalties or fines from the IRS. It is crucial to keep accurate records of your winnings and losses. For more information on claiming income, refer to the IRS W-2GU.
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