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When does a big win at the casino or racetrack turn into a tax headache? That’s where IRS Form W-2G comes in. This CE course gives tax professionals a practical, step-by-step guide to navigating the complexities of gambling income reporting. From jackpots to poker pots, understanding what triggers reporting obligations is essential to helping clients stay compliant while avoiding costly mistakes.
We’ll cover the rules around reporting different types of winnings, including cash, noncash prizes, and even shared payouts. You’ll also dive into key compliance areas like withholding requirements, reporting for foreign winners, and changes to wagering loss deductions under the Big Beautiful Bill (OBBB), effective in 2026. Real-world examples will illustrate common scenarios, making it easier to apply the rules in practice.
Why you should attend:
By the end of this course, you’ll have the knowledge to confidently advise clients, file accurate forms, and handle tricky reporting situations. Whether you work with casual gamblers or seasoned professionals, this course equips you with the compliance strategies and insights needed to stay ahead of IRS requirements.
What You'll Gain From This Essential Webinar:
Who should attend?
Tax professionals, CPAs, EAs, Lawyers
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