The Deadline to E-file Form (formType) is March 31, 2025.E-File Now
File Form W-2G Online
A simple solution for the casino and gambling organizations to file Form W-2G and distribute recipient copies to winners.
Why Choose TaxBandits to E-file Form W-2G?
- Easy and Secure e-filing solution
- Import your business and recipient data using our Bulk Upload option
- Distribute recipient copies through Postal Mail or Online Access
- AI-powered Assistance at Every Step
- World-Class Customer Support
See how TaxBandits beats the competition—A comparison with other providers. Learn more
Form W-2G: Key Insights
- Form W-2G is used to report gambling income and any federal income tax that has been withheld.
- The requirements for reporting and withholding depend on the type of gambling activity, the total amount won, and generally, the ratio of the winnings compared to the wager. Check requirements
W-2G Deadline for the 2024 Tax Year
| Electronic Filing | Recipient Copy Distribution |
|---|---|
| March 31, 2025 | January 31, 2025 |
What Information is Required to File Form W-2G Electronically?
- 1. Payer Info: Name, address, TIN, and telephone number
- 2. Winner Info: Name, address, TIN, and account number
-
3. Payment Info: This may include,
- i. Reportable winnings
- ii. Additional winnings from identical wagers
- 4. Date of the winning event
- 5. Type of wager
- 6. Type of race or game
- 7. Cashier or window number making the winning payment
- 8. Federal Income Tax Withheld (if any)
- 9. State and Local Tax Info: State income tax withheld, payer’s state identification number and state abbreviation, state winnings, local winnings, local income tax withheld, and locality name.
Start filing your W-2G tax returns with TaxBandits.
Streamline Your W-2G Filings with TaxBandits
TaxBandits offers a complete range of services to meet your Form W-2G filing requirements and ensure compliance with federal and state regulations.
Federal Filing
- Prepare and e-file your W-2G forms easily to stay compliant with the IRS.
State Filing
- Seamlessly manage state-specific W-2G filing requirements with our user-friendly software.
W-9 Manager
- Securely gather W-9s from recipients and use the data to file W-2G forms effortlessly.
Data Validations
- TaxBandits improves filing accuracy with multiple data validations such as USPS Address Validation and TIN Matching.
Postal Mailing
- Rely on TaxBandits to print and mail W-2G copies to your recipients on your behalf.
Online Access
- Share copies of the W-2G forms with your recipients through a secure online access portal.
How to E-file Form W-2G Online for 2024 with TaxBandits
Start by selecting Form W-2G from your dashboard. With TaxBandits, you can file this form for both the current and previous tax years.
Select ‘Manual entry’ and enter the required information on Form W-2G. You can save your progress by clicking “Save as draft” and continue from where you left off.
You can choose state filing and select how you'd like to distribute recipient copies—by mail, online access, or with the BanditComplete option, which offers both.
Review the information entered on Form W-2G and make any necessary changes.
After reviewing, transmit the completed Form W-2G to the IRS and state.
Top Features That Simplify E-Filing of W-2G Online!
User-Friendly Interface
Our software simplifies the filing process with easy navigation and step-by-step instructions.
Address Book
Payer and recipient information can be added once and accessed securely for future filings.
Bulk Upload Options
Easily upload your data with our standard CSV template and eliminate the difficulty of manual entry.
Save As Drafts
Save your W-2G filings as drafts and continue exactly where you left off.
Internal Audit Check
Our advanced error-check system reviews your W-2G forms to ensure they are error-free.
IRIS Business Validation
Our software meets the latest IRS business rules and regulations, ensuring that your W-2G forms comply with IRS standards.
Download Form Copies
TaxBandits offers a simple way to download and print copies of your filed W-2G forms whenever needed.
Dedicated Support
Our committed support team is available 24/7 to answer any inquiries about the filing process via phone, email, and live chat.
PRO Features for Tax Professionals
Improve your tax filing process and increase productivity with specialized features crafted exclusively for tax professionals.
BanditCollab (Team Management)
Simplify team collaboration by adding unlimited members to your workflow. Assign each team member a role—preparer, approver, or transmitter—based on their filing tasks, promoting efficient teamwork.
BanditConnect (Client Management)
Securely exchange documents and communicate with clients through BanditConnect. Customize the portal to reflect your brand identity, enhancing client interaction and building stronger professional relationships.
Custom Reports
Stay informed with comprehensive reports offering insights into team and client activities. Use these analytics to make data-driven decisions that enhance efficiency and overall performance.
Transform Your W-2G Process with Seamless Automation Using TaxBandits API!
With our powerful API, revolutionize your W-2G filing and distribution process. Integrate our W-2G API into your software or portal to automate filing, enhance accuracy, and reduce manual efforts.
Learn moreSee What Our Clients Say About TaxBandits
Excellent Step by Step process and easy to go back and make edits....
Very easy navigation going forward and backwards. I usually have trouble online with confusing instructions. Yours is very easy.
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Frequently Asked Questions to File W-2G Online
What is a Form W-2G?
Form W-2G is used to report certain gambling winnings during a given tax year. The types of gambling activities included in this form are horse racing, dog racing, sweepstakes, wagering pools, lotteries, bingo and slot machine winnings, and poker tournament winnings.
When is the deadline to file Form W-2G for the 2024 tax year?
- January 31, 2025, is the due date for distributing copies of Form W-2G to a recipient.
- If you choose to file by paper, the deadline is February 28, 2025, for the 2024 Tax Year.
- The Form W-2G electronic filing deadline is on March 31, 2025.
Note: If the due date falls on a weekend or federal holiday, you should file on the next business day.
When do you need to file Form W-2G?
You need to file Form W-2G to report gambling winnings and any federal income tax withheld on those winnings. This form must be filed under the following specific conditions:
- Winnings of $1,200 or more from a bingo game or slot machine.
- Winnings of $1,500 or more from a keno game.
- Winnings exceeding $5,000 from a poker tournament.
- If your gambling winnings (excluding bingo, slot machines, keno, and poker tournaments) are $600 or more and at least 300 times the amount you bet, you can choose to reduce the reported winnings by the amount you wagered.
- Winnings that are subject to federal income tax withholding.
How to file Form W-2G online?
Electronic filing is the preferred IRS method for Form W-2G. It is also an easier process that comes with many added benefits. For example, when you choose to e-file Form W-2G with TaxBandits, we audit your form using the IRS Business Rules to help you file accurately. We also provide instant IRS updates on the status of your form. To begin filing Form W-2G online, create a free TaxBandits account.
How do you use Form 5754 when reporting gambling winnings on Form W-2G?
Form 5754 (Statement by Persons Receiving Gambling Winnings) is necessary for preparing Form W-2G in specific situations where the individual claiming the winnings is not the actual winner or is part of a group sharing the winnings from a single ticket. In such cases, you must use Form 5754 to complete the W-2G. The individual receiving the winnings is responsible for providing all the required information on Form 5754.
What are the IRS late filing penalties of Form W-2G?
If you fail to file and furnish Form W-2G within the specified deadlines, the IRS will impose penalties ranging between $60 and $660, depending on your business size and the delayed period.
To learn more about the W-2G penalties, click here.
