Gambling Tax

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Gambling Tax is tax compliance software that automates the collection, matching, and reconciliation of W-2Gs, 1099s, sportsbook and casino statements, IRS transcripts, and bank records into audit-ready workpapers. The system identifies duplicates, gaps, missing months, and audit risks before preparers review files. Clients sign Form 8821 to release IRS transcripts, which are processed alongside matched statements, enabling preparers to finalize one complete workpaper. The software applies consistent tax rules, separating taxable gambling income from phantom income subject to loss limitations. Deliverables include organized source documents, W-2G totals tied to win/loss statements, transcript cross-checks, findings with documentation, and audit trails. The platform processes documents automatically after initial client authorization and transcript upload. Flat per-season pricing structures support high-volume client management.