BP 11122023 129pm - Flipbook - Page 56
The parish must also understand the IRS requirements for bingo sessions as defined by
Publication 3079 (Rev. 10-2018) (irs.gov) Gaming Publication for Tax-Exempt Organizations.
For example:
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The IRS considers a reportable winning when the parish pays a winner or winners of a
bingo game more than $1,200. A W-2G must be generated, with copy A filed with the
IRS and copies B and C given to the person receiving the winnings.
The payee (winner) should provide the parish with their name, address, and social
security number. The parish must verify the information using the person’s driver’s
license, Social Security card, voter registration card, or other proper identification. When
the payee is one of a group of two or more winners, or is not the actual winner, he must
complete and sign Form 5754 and provide it to the parish.
The parish may also be required to withhold 24% as backup withholdings of bingo
winnings for federal income tax if the winner does not provide a correct tax identification
number (TIN) and winnings are above $1,200. There are different withholding
requirements for Nonresident Aliens, therefore it is important to review IRS guidelines in
detail and contact a CPA for help if needed.
Taxes withheld from gaming winnings must be reported by the parish using Form 945.
Follow IRS guidelines on how to pay the backup withholdings that have been collected.
After reading and understanding the State and Federal legal requirements, if the parish still
wishes to pursue bingo, then the Pastor should submit a letter to the Archbishop requesting
approval. In granting the request, the Archbishop will require the following:
Federal and State Requirements:
1) All requirements of the State of Georgia and IRS must be followed.
2) No exceptions to the State and Federal regulations can be made.
Archdiocesan Requirements:
1) The bingo license must be in the name of the parish. No other non-profit entity can
operate bingo on parish grounds.
2) Annually, the Pastor will submit a certification letter to the CFO of the Archdiocese
stating dates on which the bingo session(s) operated and stating that, on each of those
dates, all the regulations were carefully followed.
3) Annually, the CFO of the Archdiocese will contact the Division of Charity Bingo from
the Georgia Secretary of State to ensure that parishes engaging in bingo have complied
with reporting and other requirements.
4) The proceeds from bingo (receipts less prizes) are an assessable form of income for the
parish.
For more information, contact Patrick Warner PWarner@archatl.com, and reference the
following websites: Georgia Secretary of State: Charity Bingo - https://sos.ga.gov/how-toguide/how-guide-charity-bingo and IRS Publication 3079: Publication 3079 (Rev. 10-2018)
(irs.gov)
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