Platform overview
Every gambling-tax client means a stack of sportsbook PDFs, W-2Gs, 1099s, and bank statements somebody on your team has to reconcile before the return can even start. LedgerWager does that reconciliation — your firm reviews one clean, audit-ready package and signs off.
Core capabilities
Winnings, losses, and withholding in the workpaper link straight back to the original statement or form. When a return gets a second look, you aren't reconstructing where a number came from.
Deductible losses, taxable income, and phantom income are calculated the same way on every client — not re-derived by hand per engagement.
Documents are read, classified, and cross-checked — duplicate statements, missing months, W-2G-versus-win/loss gaps — before a preparer opens the file. Your team reviews and signs off rather than assembling from scratch.
Whether it's one high-volume bettor or a book of gambling clients, the intake and reconciliation work is the same regardless of how many sportsbooks or casinos are involved.
Firm workflow
Every feature below exists because a real firm's gambling-client workflow was still burning hours that had nothing to do with preparing the return.
Upload a client's IRS Wage & Income transcript and see instantly which W-2Gs and 1099s are already reconciled in your workpaper — and which ones the IRS has on file that the client hasn't sent you yet. Catch the gap before the notice does.
Duplicate ledger entries, statistical outliers, near-duplicate imports, and — under the $2,000 W-2G issuance threshold — large wins with no matching form on file, all in one list rather than spotted by a preparer scanning line by line.
Each engagement gets its own intake email address. Clients forward statements straight in and they land classified against the right file, without a staff member re-filing attachments by hand.
Mark a client's Form 4868 the moment it's filed and it shows on your client list — no digging through email to remember who's on extension versus who's just behind on documents.
Add staff by email as an owner or admin without a support ticket. Every sensitive action — client sign-off, team changes, plan changes — is logged, so you always know who touched what.
Search, filter, and page through every gambling client you manage, with a document-checklist indicator and a states-touched count on each row — so you can see what needs attention without opening files one by one.
Filer status is never inferred from how much a client bets or which plan they're on. The trade-or-business test sits right next to the filer-type field, so the classification stays a deliberate judgment your firm makes — never a side effect of a pricing choice.
Whether a client's activity is treated as casual or professional, the quality of their records is the foundation everything else is built on. LedgerWager exists to make that record complete, consistent, and traceable — so your firm's judgment call is about the client's facts, not about missing documentation.
Talk to us
Tell us roughly what your gambling-client load looks like and we'll show you the reconciled workpaper for one of them. No commitment, and no card.