Get the free Form W-2G
Show details
This document is used to report gambling winnings and the federal income tax withheld from those winnings.
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign form w-2g
Edit your form w-2g form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your form w-2g form via URL. You can also download, print, or export forms to your preferred cloud storage service.
Editing form w-2g online
Use the instructions below to start using our professional PDF editor:
1
Create an account. Begin by choosing Start Free Trial and, if you are a new user, establish a profile.
2
Simply add a document. Select Add New from your Dashboard and import a file into the system by uploading it from your device or importing it via the cloud, online, or internal mail. Then click Begin editing.
3
Edit form w-2g. Add and replace text, insert new objects, rearrange pages, add watermarks and page numbers, and more. Click Done when you are finished editing and go to the Documents tab to merge, split, lock or unlock the file.
4
Save your file. Select it from your list of records. Then, move your cursor to the right toolbar and choose one of the exporting options. You can save it in multiple formats, download it as a PDF, send it by email, or store it in the cloud, among other things.
It's easier to work with documents with pdfFiller than you could have believed. You may try it out for yourself by signing up for an account.
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out form w-2g
How to fill out Form W-2G
01
Obtain the Form W-2G from the IRS website or your tax professional.
02
Fill in the payer's name, address, and TIN (tax identification number) in the appropriate spaces.
03
Enter the recipient's name, address, and TIN in the designated fields.
04
Report the winnings amount in Box 1, typically reflecting gambling or lottery winnings.
05
Fill in the federal income tax withheld in Box 2 if applicable.
06
Complete any additional fields relevant to the specific type of winnings or gambling activity.
07
Ensure all information is accurate and review for any potential errors.
08
Submit the completed form to the recipient by January 31 of the following year and file it with the IRS.
Who needs Form W-2G?
01
Individuals who receive gambling winnings of $600 or more and the amount is at least 300 times the wager.
02
Participants in lottery or sweepstakes who win amounts that meet the reporting threshold.
03
Players of bingo or keno with winnings that reach the required dollar amount.
04
Any winner of a prize that is subject to federal withholding requirements.
Fill
form
: Try Risk Free
People Also Ask about
What do I do with form W-2G?
File Form W-2G, Certain Gambling Winnings, 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.
What triggers a W2G form?
File Form W-2G for each person to whom you pay $600 or more in gambling winnings from a sweepstakes, wagering pool, or lottery (including a state-conducted lottery) if the winnings are at least 300 times the amount of the wager.
What happens if I don't file W2G?
If you receive a W-2G and do not report the income on your tax return, the IRS will likely send you a CP2000, Underreported Income notice. This IRS notice will propose additional tax, penalties and interest on the unreported gambling winnings and any other unreported income.
What is a 1099 W-2G?
They are not the same. A W-2G is a document that reports winnings from gambling. A 1099G can be used for various kinds of income including unemployment compensation, a state or local refund, certain government grants, etc.
Do I have to claim W2G on my taxes?
If you receive multiple W-2G forms, you'll need to enter the winnings for each of them when preparing your tax return. You are required to also report winnings even if the payer doesn't send you a Form W-2G.
What is the difference between W2G and W-2?
A W2 is for wages and a W2G is for gambling winnings.
How much does it cost to get a W2G?
W-2G eFile Service Pricing # of Forms1-20501-1000 Pricing Tier / Form $ 2.90 $ 0.65
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is Form W-2G?
Form W-2G is a tax form used to report gambling winnings and any federal income tax withheld on those winnings.
Who is required to file Form W-2G?
Organizations or entities that pay out gambling winnings of $600 or more are required to file Form W-2G for each winner.
How to fill out Form W-2G?
To fill out Form W-2G, include the payer's name, address, and TIN, as well as the winner's name, address, and TIN, the amount won, date of winning, and any federal income tax withheld.
What is the purpose of Form W-2G?
The purpose of Form W-2G is to ensure that the IRS has accurate information on taxable gambling winnings and to inform the winners about their income tax liability.
What information must be reported on Form W-2G?
Form W-2G must report the gambling winnings amount, the type of gambling, the date of the gambling event, and any federal income tax withheld.
Fill out your form w-2g online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Form W-2g is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
