The WorldSharp™ 1099 Preparation System is used to import, enter, print and electronically report all 1099 forms. It has a robust data import capability. It prints data on preprinted forms or prints data and forms on blank paper. It allows you to file electronically with the IRS. The single user version is $89.95 and electronic filing and every form except 1042-S is included with every system.
Certain Gambling Winnings
Form W-2G is used to report gambling winnings and any federal income tax withheld on those winnings.
Reportable gambling winnings are winnings (not reduced by the wager) of $1,200 or more from a bingo game or slot machine, winnings (reduced by the wager) of $1,500 or more from a keno game, winnings (reduced by the wager or buy-in) of more than $5,000 from a poker tournament.
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