Need Some "Tax" Info from the Masses!

[robfla]

Originally Posted by oilertige

Was @ Scioto Downs in Columbus on Saturday w/ brother betting a few races and taking in the KnS race! We were able to hit a trifecta that we needed to sign; that's always a good thing! I thought I've read on here in the past that 2 people can split the taxes owed on such a ticket since they split the cost of the ticket/winnings. When I asked at the window, they stated that they never had heard of this option? Did I dream this or can you indeed "split" the taxes owed among multiple people? Just wondering . . .

IRS Form 5754.


http://www.irs.gov/pub/irs-pdf/f5754.pdf

[Scav]

Originally Posted by robfla

IRS Form 5754.


http://www.irs.gov/pub/irs-pdf/f5754.pdf

Thanks man, I couldn't remember what form...

And no problem Ato. It took me forever to understand because it makes zero logical sense, but nothing in this industry makes sense

[jwkniska]

Originally Posted by Scav

Thanks man, I couldn't remember what form...

And no problem Ato. It took me forever to understand because it makes zero logical sense, but nothing in this industry makes sense

not much dealing with the IRS ever makes sense!