File W-2G Form to report gambling winnings and any federal income tax withheld on those winnings.
The requirements for reporting and withholding depend on the type of gambling,
the amount of the gambling winnings, and generally the ratio of the winnings to the wager.
When would you need to file a W-2G?
To report gambling winnings and any federal income tax withheld on those winnings, you must file this form.
If the gambling winnings are more than $600 (except winnings from Bingo, Keno, slot machines, and poker tournaments) and the payout is at least 300 times the amount of the wager, you must file this form.
With Tax1099.com, you can schedule the date that your forms are transmitted to the IRS. Scheduling your forms gives you time between when we email/USPS your forms to vendors and when we send the forms to the IRS. This is useful because your vendors may have edits to make. You can make those changes in Tax1099 before the scheduled date at no extra charge. We automatically schedule your IRS eFile transmission at a week away from when you submit, or by the deadline. You can edit this date to match your preference.
Feb 1, 2021
March 31, 2021
IRS Paper Filing
March 1, 2021
Form W-2G eFile Info
Electronically-filed W-2G forms are directly transmitted to the IRS from Tax1099.
You will receive IRS acknowledgement of your eFile by email within 3 - 7 business days.