IRS Form W-2G (Tax Year 2024)
Certain Gambling Winnings
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We can print, mail and electronically file on your behalf originals or corrections for current or prior tax years to the IRS through the Combined Federal/State
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New Electronic Filing Mandate
IRS mandates electronic filing of 10 or more information returns. The new threshold is effective for information returns beginning tax year 2023. FIRE TCC holders who submitted their TCC
application prior to September 26, 2021, must complete and submit a new application and verify their identity through ID.me, an IRS provider of sign-in services.
You can only paper file information returns to the IRS if you have 10 or fewer aggregate returns to file. If you have more than 10 information returns of any one type
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More companies are moving to third party efiling solutions due to this new threshold and efiling requirements. Contact 1099FIRE at (480) 706-6474 for more information
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Original, Corrections, Prior Years
Not a problem. Our software and outsourcing services are capable of meeting your needs. Print and electronically file originals or corrections for current or prior tax years.
About IRS Form W-2G
IRS Form W-2G, "Certain Gambling Winnings," is a tax form used to report gambling winnings to the IRS.
Who Issues Form W-2G: The paying entity (like a casino or racetrack) issues Form W-2G to the winner and
sends a copy to the IRS.
Who Receives Form W-2G: A person who wins gambling amounts above certain thresholds will receive a W-2G form.
Common types of winnings and thresholds include:
1. $1,200 or more from bingo or slot machine
2 .$1,500 or more from keno (after subtracting the wager)
3. $5,000 or more from poker tournaments
4. $600 or more from other types of gambling (such as horse racing or lotteries) if the payout is at least 300 times the wager
Purpose of Form W-2G: The form reports gambling winnings, which helps the IRS ensure that all taxable income
is declared.
Due Date: The gambling establishment must provide Form W-2G to winners by January 31 following the end of the tax year.
File electronically by March 31.
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