If you win big on Sunday, it won't have an impact on your taxes this year — but, you'll want to keep a record for next year.

If you placed bets and won big, you might receive a W-2G form from your sportsbook, which means the IRS and the state of North Carolina expect you to report that income. Failing to do so could ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

If you live outside of the U.S. and didn’t receive Form SSA-1099 or SSA-1042 and can’t get one online, you’ll need to talk to ...

Your prior year return will give you a good starting point for figuring out what documents you need to have handy to fill out ...

If you won at least $600 and 300 times the wager amount, casinos, gambling platforms and online sportsbooks should provide you with IRS Form W-2G (Certain Gambling Winnings). It might be issued ...

Jean Folger has 15+ years of experience as a financial writer covering real estate, investing, active trading, the economy, and retirement planning. She is the co-founder of PowerZone Trading, a ...