Certain Gambling Winnings. This form is used to report income and withholding that is related to a taxpayer's gambling winnings. A taxpayer will need to file a Form W-2G if they receive $600 or more in gambling winnings and the payout is at least 300 times the amount of the wager (other than winnings from bingo, keno, and slot machines). The form will need to be filed if the taxpayer has $1,200 or more in gambling winnings from bingo or slot machines, and $1,500 or more in proceeds from keno. (This is the amount of winnings less the amount of the wager.) Other gambling winnings may also be subject to federal income tax withholding.
Related information about W-2G Form:
- 2012 Form W-2G - Internal Revenue Service
Form W-2G. 2012. Cat. No. 10138V. Certain. Gambling. Winnings. Copy A. For Internal Revenue. Service Center. Department of the Treasury - Internal Revenue ...
- Instructions for Forms W-2G and 5754 (2012) - Internal Revenue ...
File Form W-2G, Certain Gambling Winnings, to report gambling winnings and any federal income tax withheld on those winnings. The requirements for ...
- Instructions for Forms W-2G and 5754 - Internal Revenue Service
W-2G and 5754 (2012). Section references are to the Internal Revenue Code unless otherwise noted. 2012. Table of Contents. Instructions for Forms W-2G and ...
- What is W-2G Form? definition and meaning
Definition of W-2G Form: Certain Gambling Winnings. This form is used to report income and withholding that is related to a taxpayer's gambling winnings.
- IRS Form W-2G Software - $69 print, eFile for $249
All data needed to fill W-2G form can be saved for later use and modification. Print unlimited number of W-2G Forms. Print Copy A, B, C, D, 1 and 2 on plain ...
- About IRS Form W-2G - 1099 Tax Software Blog
Nov 30, 2010 ... Withholdings are entered in box 2 of the W-2G form. Withholding is required at the rate of 25% for gambling winnings of more than $500 (wager ...
- Video: Guide to IRS Form W-2G Certain Gambling Winnings ...
And in some cases, the gaming organization that pays your winnings must report it to the IRS on a W-2G form. Not all gambling winnings are subject to W-2G ...
- What Is the Federal Tax Form W-2G? | eHow.com
Fill out box one of the W-2G form for any winners whose single payout is at least $600 only if the winnings are at least 300 times the amount of the initial wager.