[vpFREE] Re: Taxes and teams question XVP

 


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> >--- In vpFREE@yahoogroups.com, "Gregory Bart Jr." <broncosaurus@> wrote: I was wondering how these progressive teams handle taxes on jackpots over $1199. It seems like there'd be some difficulty in paying some guy $100 or whatever, and having them hit a $25K jackpot (with the resulting paperwork in their name).
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There is an IRS form for splitting jackpots. I don't remember the number of the form as I've never been involved in those kinds of splits.

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