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Retirement tax questions
Okay, a W2-G was completed for income earned for 2022. The value of vehicle is shown. The taxes withtheld is shown. Since it is non-cash winnings, does the Payer remit payment (the taxes withtheld) to the IRS? I am being told by the Payer that the winner remits the payment of taxes withheld to them. I assumed they would need to submit that payment to the IRS.
‎January 31, 2022
7:49 PM