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A comment on IRS tests free e-filing system that could compete with tax prep giants. Parent comment

Re:IRS tests free e-filing system that could compete with ta... by artursapek on Monday May 15, 2023 @02:50PM (#35952855)
What? Casinos don't report all winnings. Anyone can get chips for cash, and cash for chips.
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Re:IRS tests free e-filing system that could compete with ta... by jdmichal on Monday May 15, 2023 @02:57PM (#35952952)
Indeed, there's a size limit on reportable winnings that trigger the necessity of a W-2G. There's also potentially different requirements that trigger tax withholding by the payer.

It's generally $600 for winnings, and $5000 for withholding.

https://www.irs.gov/pub/irs-news/at-01-17.pdf

https://www.irs.gov/pub/irs-tege/gaming_withholding_reportin...

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