What happens if you don't report gambling winnings

Name: What happens if you don't report gambling winnings
Duration: 66 s
Description: The IRS already has your W2G, so unreported winnings trigger a letter and a bill, not jail.

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Worried about skipping those W-2G forms on your return? The IRS already has a copy of every gambling win you were issued a form for. TJ explains what actually happens when those winnings go unreported — and why that refund you got might not be yours to keep for long.

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