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New Mexico Taxation and Revenue Department FYI-245 FOR YOUR INFORMATION Tax Information/Policy Office ? P.O. Box 630 ? Santa Fe, New Mexico ? 87504-0630 Withholding on Gambling Winnings Gambling Establishments

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What is fyi-245 withholding on gambling?

fyi-245 withholding on gambling is a tax form used to report and withhold taxes on gambling winnings.

Who is required to file fyi-245 withholding on gambling?

Anyone who pays out gambling winnings is required to file fyi-245 withholding on gambling.

How to fill out fyi-245 withholding on gambling?

To fill out fyi-245 withholding on gambling, you will need to provide information such as the recipient's name, address, social security number, and the amount of winnings.

What is the purpose of fyi-245 withholding on gambling?

The purpose of fyi-245 withholding on gambling is to ensure that taxes are properly withheld and reported on gambling winnings.

What information must be reported on fyi-245 withholding on gambling?

Information such as the recipient's name, address, social security number, and the amount of winnings must be reported on fyi-245 withholding on gambling.

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