Information Returns; Winnings From Bingo, Keno, and Slot Machines
other · IRS · Rule · Published 2016-12-30 · Effective 2016-12-30 · 81 FR 96374
Document
Document number
2016-31575
Federal Register citation
81 FR 96374
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2016-12-30
Effective date
2016-12-30
Treasury docket
TD 9807
Abstract
This document contains final regulations under section 6041 regarding the filing of information returns to report winnings from bingo, keno, and slot machine play. The rules update the existing requirements regarding the filing, form, and content of such information returns; allow for an additional form of payee identification; and provide an optional aggregate reporting method. The final regulations affect persons who pay winnings of $1,200 or more from bingo and slot machine play, $1,500 or more from keno, and recipients of such payments.