Beginning on Jan. 1, the threshold requiring slot players to instantly file their winnings with the IRS at a casino increases ...

A long-awaited update to slot jackpot tax reporting included in the One Big Beautiful Bill Act will take effect in 2026, the Internal Revenue Service confirmed this week. The updated minimum threshold ...

It seems a pretty simple and straightforward request, but it may take an act of Congress to get it accomplished. As the amounts of slot machine jackpots grow and the casino industry expands across the ...

Every gambler knows the pain that comes with certain wins. You finally hit the bonus on your slot machine, and the win total comes in at $1,200 or higher. That means your machine will lock up, and a ...

As sports betting grows in popularity, many people may be in for an unexpected surprise when filing their taxes — their ...

In the first year of operations under newly modernized U.S. Treasury and Intenal Revenue Service (IRS) regulations, there was a $307 million reduction in the amount of winning pari-mutuel wagers ...

The Internal Revenue Service has issued final and temporary regulations removing the automatic 30-day extension of time to file information returns on forms in the W-2 series, with the exception of ...

ROCK HILL, SC / ACCESSWIRE / June 3, 2022 / TaxBandits has once again expanded its line-up of IRS tax forms to include the Form W-2G and Form 940 Amendments. These forms are now available for ...