Get the free 2016 form w2g - irs

) City State Country ZIP NO. 9 Gambling Winnings 9 Race 14 Winnings from identical wagers 15 Cashiers (Note: The race number in boxes 8 and 9, shown as “Race number” in column G, can be the only race information in the box.) 2015 Certain Gambling Winnings 15 Winners S taxpayer ID 11 First I.D. 12 Second I.D. Street address (including apt.) City State Country ZIP NO. 16 Gambling Winnings 16 Race 23 Winnings from identical wagers 24 Cashier. (Note: The race number in boxes 8 and 9, shown as “Race number” in column G, can be the only race information in the box.) 2014 Certain Gambling Winnings 10 Winners S taxpayer ID 12 First I.D. 13 Second I.D. Street address (including apt.) City State Country ZIP NO. 18 Gambling Winnings 18 Race 27 Winnings from identical wagers 28 Cashier 2013 Certain Gambling Winnings 10 Winners S taxpayer ID 12 First I.D. 13 Second I.D. Street address (including apt.) City State Country ZIP NO. 20 Gambling Winnings 20 Race 31 Winnings from identical wagers 32 Cashier 2012 Certain Gambling Winnings 10 Winners S taxpayer ID 12 First I.D. 8 Second I.D. Street address (including apt.) City State Country ZIP NO. 22 Gambling Winnings 22 Race 36 Winnings from identical wagers 36 Cashier 2011 Certain Gambling Winnings 10 Winners S taxpayer ID 12 First I.D. 30 Second I.D. 33 Street address (including apt.) City State Country ZIP NO. 24 Gambling Winnings 24 Race 42 Winnings from identical wagers 44 Cashier 2010 Certain Gambling Winnings 10 Winners S taxpayer ID 12 First I.D. 10 Second I.D. 16 Street address (including apt.) City State Country ZIP NO. 29 Gambling Winnings 29 Race 44 Winnings from identical wagers 45 Cashier 2009 Certain Gambling Winnings 10 Winners S taxpayer ID 12 First I.D. 31 Second I.D. 34 Street address (including apt.) City State Country ZIP NO. 32 Gambling Winnings 32 Race 46 Winnings from identical wagers 50 Cashier 2008 Certain Gambling Winnings 10 Winners S taxpayer ID 12 First I.D. 27 Second I.D. 35 Street address (including apt.) City State Country ZIP NO.

Who uses Form W2-G?

A payer of gambling winnings must report them on Form W-2G if:

1. The winnings from a bingo game or slot machine are equal to or exceeding $1,200 (not reduced by the wager);

2. The winnings from a keno game are equal to or exceeding $1,500 (reduced by the wager);

3. The winnings from a poker tournament are equal to or exceeding $5,000 (reduced by the wager or buy-in);

4. The winnings (except winnings from bingo, slot machines, keno, and poker tournaments) reduced, at the option of the payer, by the wager are:

1. $600 or more, and

2. At least 300 times the amount of the wager; or

5. The winnings are subject to federal income tax withholding (either regular gambling withholding or backup withholding).

What is the purpose of the Form W2-G?

The purpose of this form is 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 winning, and the ratio of the gambling to the wager.

When is the Form W2-G due?

The payer is required to furnish Copies B and C of the W2-G form to the winner by January 31, 2017, and file Copy A of the form with the IRS by February 28, 2017. If the payer files electronically, the due date is March 31, 2017.

What information should be provided?

The W-2G report form requests the provision of the following information:

• Details about the payer (name, address, FIN, phone number, state identification number);

• Details about the winner (name, address, taxpayer identification number);

• Winnings details (gross amount, date, amount of taxes withheld, transaction);

• Type of wager;

• Transaction;

• Race;

• Cashier, etc.

Where do I send the Form W2-G?

Each copy of the W-2G form has its own destination:

• Copy A should be filed with the IRS service Center;

• Copies B and C should be delivered to the winner;

• Copy D is for the payer’s personal records;

• Copy 1 is to be submitted to the State, City, or Local Tax Department; and

• Copy 2 should be attached to the payer’s state, city, or local income tax return.