Monday, March 29, 2010

US GAMBLING REFUND

Top 4 Mistakes People Make When Gambling in the U.S.

How to Get your US gambling refund.


 

One of the United States' most lucrative markets is their gambling and entertainment facilities. Every year millions of visitors journey to the land of the stars in hopes of striking it rich at a casino. However, what many people are not aware of when they cross the border is the mandatory thirty-percent tax that is withheld on all gambling winnings. What's more, many visitors aren't aware that they can take steps once they enter the U.S. to make sure that they get their money back after it's deducted. Don't get caught making these crucial mistakes – it could mean the chance of reuniting yourself with your prized winning.


 

1. Ignorance isn't always bliss – Before you decide to cross into the land of the red, white and blue, it's best to familiarize yourself with their laws; particularly those that affect you. Currently, the Internal Revenue Service (IRS) requires by law that all gambling establishments must withhold the 30% withholding tax on your earnings. While this is a good bit of knowledge to know; you should also be aware of your eligibility to recoup these losses, and how to do so easily. If you are a Canadian citizen, the Canadian Government has passed the U.S. Canada Treaty Tax which, if done through a proper professional refund management company, helps to maximize your refund.


 

2. Taking the slow approach – After you've familiarized yourself with the laws and what to expect at the casino, it's vital that when you decide to file your claim you do so in with the proper company. They can easily shave off weeks from your claim being processed, while also maximizing the amount you receive. There are also other ways to help get your money to you quicker. As a Canadian, the amount you receive from your withholding tax is dependent on the total amount of that you lost while gambling in the United States. This does not only refer to the one trip where you hit it big, but refers to your total losses during the calendar year. This is why it's best to keep a journal of your winnings and losses. The information you should record are:

- The name and address of the Casino or facility

- The amount you won or lost at the facility

- The time, date and which game you were playing when you lost/won.

- Statements from the Casino, and any applicable documentation that could prove your losses or winnings


 

3. Not picking up a your form from the Casino – When the Casino pays you out for your winnings and deducts your 30% withholding tax, they will also give you an IRS Form (1042-S) that clearly shows the amount you have won at their casino and how much tax they deducted. Keep this as it is important to filing your claim.


 

4. Accepting your 30% loss on your winning – All is not lost! Even if you lose the IRS form, we can still get it back for you, along with your 30% refund! You can claim the casino tax that was withheld from you at the time for up to three calendar years. Let us help you get your rightful money back. Call U.S. Tax Recovery for your US Gambling Refund.


 

U.S. Tax Recovery is recognized by the IRS as an Acceptance agent. They're specialty is assisting Canadians and Non US Residents in recovering there US Gambling Refunds.

If you gambled in the US and are a resident of another country, you may be entitled to getting a US Gambling Refund for the taxes you paid.

Contact U.S. Tax Recovery for more information on how to get a US gambling tax refund

at 1-866-TAXES-US (1-866-829-3787).

Saturday, March 27, 2010

US Gambling Refund

Gambling in the United States: What you need to know before you go


 

Your flight is booked, your hotel room is reserved, and you've heard your calling for the bright lights and casinos. Before you head down to try and press your luck on the casino floors, take a look and be prepared for what comes after you've won.


 

The Rules

Imagine winning it big in Vegas, or hitting the jackpot in Atlantic City. Where ever you decide to test your luck in the United States, it's important you know the rules before you roll that dice. By law, casinos and gambling establishments are required to deduct up to 30% of your winnings, due to a withholding tax employed by the Internal Revenue Service (IRS). This tax applies to:

  • Slot Machines
  • Betting on races
  • Lotteries
  • Card Tournaments (for example, blackjack)
  • Keno


 

Depending on how much you win, the Casino is required to deduct between 25% and 30% of your winnings.


 

Hitting it big – what's next?    

You've cashed out, but it's 30% short – now what? It's important to keep the IRS form that the Casino gives you upon cashing out. It holds important information that is needed when filing for a refund. It's also important to keep a journal of the activities and the wins/losses you incurred. For specific games, please see below:


 

  • SLOT MACHINES: Write down the slot machine number, usually located on the front of the machine, as well as the amount you won and the date you played
  • RACING: This refers to horse racing, dog racing, etc. Keep a detailed journal of your wagers and the amount collected on your winning tickets. It's important that you also keep your losing tickets and the amount of wagers in total, as well as the date and time. This will help prove your claim.
  • LOTTERIES: Write down where and when you bought the ticket (or keep the receipt if possible), and how much you won versus how much in total you spent playing.
  • KENO: Keep all the tickets that you purchased from the Casino as well as any other applicable documentation you may receive while playing.


 

Can you help me recoup my winnings?

U.S. Tax Recovery is dedicated to helping individuals retrieve the maximum amount of the withheld tax. We can help answer your questions concerning your eligibility, help you obtain an Individual Taxpayer Identification Number (ITIN) for a faster refund process, and compile and send all your necessary documents. Best of all, we make getting your money back as simple and stress-free as possible to you.


 

Which countries are eligible?

The following is a list of countries eligible for a tax refund:


 

  • Austria
  • Canada
  • Czech Republic
  • Denmark
  • Finland
  • France
  • Germany
  • Hungary
  • Ireland
  • Italy
  • Japan
  • Latvia
  • Lithuania
  • Luxembourg
  • Netherlands
  • Russia
  • Slovakia
  • Slovenia
  • South Africa
  • Spain
  • Sweden
  • Tunisia
  • Turkey
  • Ukraine
  • United Kingdom


 

U.S. Tax Recovery is recognized by the IRS as an Acceptance agent. They're specialty is assisting Canadians and Non US Residents in recovering there US Gambling Refunds.

If you gambled in the US and are a resident of another country, you may be entitled to getting a casino tax rebate for the taxes you paid.

You can go to a U.S. Tax Recovery to help you obtain this money.

Contact U.S. Tax Recovery for more information on how to get a gambling tax refund at 1-866-TAXES-US (1-866-829-3787).

US TAX RECOVERY

Getting your money back quickly: Choosing the right Refund Management Service


 

Getting your money back after your winnings were deducted can be a complicated and confusing process. Companies specializing in Refund Management Services can help make this process easier for you. But with so many to choose from, how do you know which one is best for you?


 

Why you need one

Let's start with the basics. A professional company that specializes in Refund Management Service can help expedite your refund faster. This could mean up to almost half of the time, which is usually around 16 to 18 weeks. However, with the help of a Refund Management Company, they can help you retrieve the documentation needed to get you your refund quicker. Further, these professionals are just that: they're professionals that deal with individuals like you on a daily basis. Some companies have even been helping individuals for more than ten years. They have the knowledge and skill-set required to maximize your refund in a stress-free way.


 

Things you may not know

Keep and record everything from your trip: Because a claim covers the entire calendar year, it's important to keep and take note of the activities you played, your wins/losses, and the dates you played them. This ensures that your claim is processes quicker, as it helps to prove your earnings/losses for the year. It is also important to keep the IRS tax form given to you after the tax has been deducted from your winnings at the casino. Further, an experienced Refund Management Company can help you obtain your Individual Taxpayer Identification Number (ITIN), which helps in speeding up the recovery of your taxes.


 

Am I eligible?

Depending on certain circumstances, you may be eligible for a refund if:

  • You are from one (1) of the following list of countries:
  •  
    • Austria
    • Canada
    • Czech Republic
    • Denmark
    • Finland
    • France
    • Germany
    • Hungary
    • Ireland
    • Italy
    • Japan
    • Latvia
    • Lithuania
    • Luxembourg
    • Netherlands
    • Russia
    • Slovakia
    • Slovenia
    • South Africa
    • Spain
    • Sweden
    • Tunisia
    • Turkey
    • Ukraine
    • United Kingdom
  • You have won from a gambling establishment and were taxed up to the 30% withholding tax by the establishment within the last three (3) years.
  • You're losses qualify under the U.S. Canada Tax Treaty of 1996.


 

What do I need to fill out a form?

The following is needed to file a claim:

  1. The IRS Tax Form (1042-S) which is provided to you by the Casino when your taxes were deducted.
  2. Three pieces of Government Issued Identification
  3. An ITIN Number. Although this is not required, it helps to recoup your losses within 8 weeks, as opposed to the mandatory 12 to 18 weeks.


 

How can you help me?

U.S. Tax Recovery can help you retrieve your funds in a trouble-free and straightforward manner. We can help you obtain your ITIN number for faster retrieval, as well as obtain your IRS Tax Form (1042-S) should you no longer have it. We are professionals dedicated to helping individuals recover their tax losses when visiting the United States.


 

U.S. Tax Recovery is recognized by the IRS as an Acceptance agent. They're specialty is assisting Canadians and Non US Residents in recovering there US Gambling Refunds.

If you gambled in the US and are a resident of another country, you may be entitled to getting a casino tax rebate for the taxes you paid.

Contact U.S. Tax Recovery for more information on how to get a gambling tax refund at 1-866-TAXES-US (1-866-829-3787).

Or visit them www.ustaxrecovery.com

Sunday, March 7, 2010

Taxes withheld by a casino.

Recovering Casino Taxes. Easy as 1, 2, and 3.


 

Are you worried about paying taxes to the USA on your gambling winnings taxes? Don't feel anxious for help is on the way for you! You are sure to get your taxed gambling winnings back with the help of US TAX RECOVERY.


 

Casinos authorities are required to deduct 30% of your casino winnings for those who are non residents in USA. The IRS 30% tax has been predetermined by the IRS. So the US-Canada treaty allows Canadians and certain International residents to recover their taxed gambling winnings. Canadians may get a gambling tax refund based on proof of their 1042-S slip. Recovering your casino taxes is a very simple process when you hire a company like US TAX RECOVERY. For this reason you have to know whether you are permitted to obtain gambling tax refund or not at all.


 

You can recover your casino taxes if you qualify for the items listed below.


 

  1. Gaming for stakes with the probability to win. It can also be comprehensive of paying something to win a award
  2. Keno is a kind of speculations by which you play balls before counters. The numbered balls are sketched aimlessly. Then you are essential to cover those matching numbers in those cards.
  3. Blackjack is a broadly played casino banking games. It is a combination of option with skills of a person. A family of card games allotment betting rules and hand rankings is named Poker.
  4. Slot machines that are machines designed for gambling. They have near about three reels which start in movement when a button is pressed.
  5. Dog or horse wagering that gambling on dog or horse racing is different than gambling on other betting sports. In this form of betting a person has to put his or her money on the possible winner and if the money is put on the correct animal then the person wins a rewarding sum.
  6. Bingo is a card game that is played with money and with the aim of win profitable amounts.


 

In all the above mentioned cases you may recover your casino taxes.


 

But the first emotions of joy and pleasure get diminished regularly when you understand that you will have to pay taxes on winning amount. But the entitled precondition of these refunds includes the obtaining of an IRS 1042-S Form given by the casino authority, the real winner which is taxable and is from an eligible gaming movement in the earlier three years. The last criteria comprise Canadian-U.S. Tax agreement has identified the losers of the casino games and you will be required to qualify as a loser.


 

Don't be anxious if you have lost your gambling winnings form. There are refund organizations who can provide services to guarantee that you obtain a recovery of your casino taxes.


 


 

Resource:

If you gambled in the US and are a resident of another country, you may be entitled to <a href="http://www.ustaxrecovery.com"> recover your casino taxes </a> you paid. You can go to a <a href="http://www.ustaxrecovery.com">us tax recovery</a> firm such as US Tax Recovery to help you obtain this money.

Saturday, March 6, 2010

US TAX BACK

US Tax Recovery – A hassle free service indeed!

You decide to go to the US for a vacation. One of the prime attractions in the US for someone who wants a bit of nightlife, a little gaming and neon signs is Las Vegas.

So you get to Las Vegas. You try the some Roulette, Blackjack and you head for the slots. 

You have won a lot of money and everyone around you is grinning, you grin being the widest of the lot, you've hogged the limelight, you're feeling heady and you order for another round of drinks, then reality hits you when you take home 30 per cent less than what you actually won. Are you disappointed? Of course you are. You feel cheated maybe. Of course you do. You want all the money you won, here is help. 

US Tax Recovery Inc. is one of the companies that actually helps Canadians get their taxes back from their winnings. The games covered are Keno, Poker, and Bingo, Slots or any other games played in a casino where the taxation policy applies. While some casinos do tell Canadians that they can get the gaming taxes back, many of them fail to explain how. Therefore, you are at your wits end wondering why you pay taxes when you do not even belong to that country!

If you persist in figuring out how you can get your money back, you are likely to find one particular agency that specializes in recovering your gambling taxes. They charge you about small fee based on the amount claimed, and nothing else.

There are many success stories on the net of such windfalls, tax recoveries thereafter for non-US residents. US Tax Recovery not only will recover your gaming taxes; they will also get you back the state taxes that many tourists will pay on winnings from certain casino games, which are over $1200. They will also figure out whether you are eligible to get a full or partial refund from the IRS, and will also help you recover gambling taxes as far back as 3 years.

 
So the next time you head for the United States, and you want to try your luck again, go ahead, and when you win, you can rest assured that 100 per cent of your winnings are absolutely safe, and they are yours, if you know where to go to get your US Tax Recovery.

US tax recovery goes all the way to provide its services, which is inclusive of research as well as enquiry, which could be required at any point. The objective is to only eliminate any sort of stress or confusion, which could be experienced while trying to retrieve funds without having the required and informed professionals. U.S tax recovery also helps in delivering the required customer service, which is said to be superior, and offers a very hassle free and simple approach if an individual has to retrieve his gaming taxes.

Resource:

If you gambled in the US and are a resident of another country, you may be entitled to getting a <a href="http://www.ustaxrecovery.com">us tax recovery</a> for the taxes you paid. You can go to a <a href="http://www.ustaxrecovery.com">us tax recovery</a> firm such as US Tax Recovery to help you obtain this money.

Saturday, February 27, 2010

Do you need an ITIN

Purpose of a ITIN

ITIN or Individual Taxpayer Identification Number is a nine digit number issued by the Internal Revenue Service for tax processing in the United States. ITIN is issued to non- resident and resident aliens who are required to file federal tax returns and those who are not eligible for a social security number or Employer Identification Number. ITIN is issued for federal tax purposes only and will not serve as an identification proof or work permit in the US. The US Federal government strictly prohibits the usage of ITIN for any purposes other than taxation.

To apply for an ITIN you need valid documents stipulated by the IRS as proof of identity and address. You will have to include the original document or certified/notarized copies while submitting your application unless you meet one of the exceptions. You have to complete the form W-7, attach a valid federal tax return and send them to the IRS. You may also use the services of an IRS authorized Acceptance Agent to apply for ITIN. You will receive a letter from the IRS assigning you your ITIN usually 6 weeks after the application is submitted. If you do not receive the ITIN letter within 6 weeks you can call the IRS and check the status of your application. Issue of ITIN is a onetime activity, the ITIN holder should use the same ITIN issued for future taxation filing.

The process and formalities involved in applying for an ITIN can be complicated and cumbersome for anyone. The ideal thing to do is to approach a professional who has good knowledge about the procedures and formalities involved in applying to the IRS. The IRS authorizes companies and individuals as Certifying Acceptance Agents to act on behalf of individuals who need an ITIN. The Acceptance Agents can directly apply to the IRS on your behalf by completing all the documentation and forwarding the completed application to the IRS. They can also keep a track of the status of your application and take any corrective actions if necessary. Contact www.ustaxrecovery.com to receive additional information about an obtaining an ITIN.


 

 

Wednesday, February 24, 2010

GAMBLING TAX RELIEF

Gambling Tax Refund – Tax Relief for Non-US Residents!


 

As per the IRS requirements in the USA, casinos and similar institutions are authorized to withhold 30% of the winning amount on certain gambling games. However, there is a U.S. tax recovery solution for Canadians and International casino patrons* who gamble and have had U.S. taxes withheld.


 

As per the US-Canada Tax Treaty, Canadians and International patrons* can offset their gambling losses against their winnings. Jackpot winners who have had their gambling winnings taxed can benefit from this treaty.


 


 

A win in the US casinos can be exhilarating but soon that excitement will fade when you realize that a 30% withholding tax that has been deducted from your gambling winning. However, there are several casino games and lotteries on which you can obtain a gambling tax refunds. As outlined by the IRS, these are:

  • Bingo
  • Keno
  • Slot machines
  • Blackjack
  • Poker
  • State Lotteries

To obtain a casino tax rebate you need to keep in mind that the refund process normally takes 12-16 weeks. An ITIN application will be filled out and submitted on your behalf to the IRS. This ITIN number will become your permanent number which you can use as often as you need to file for a gambling refund. Finally a 1040NR will be filed on your behalf. A 1040NR is a tax return, non-us resident must file to obtain a casino tax refund.

Keep in mind these simple rules.

  • If you are a winner for the taxable game that has been considered as an eligible gaming activity in the last three years.  
  • If you are a holder of the IRS Form 1042-S and the casino has offered that.
  • If you are offset winnings with losses within the same tax year.

    *Apart from Canadians, In addition to Canada the following other listed countries qualify: Austria, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Netherlands, Russian Federation, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Tunisia, Turkey, Ukraine, and the United Kingdom. These listed countries do not have to establish gambling losses in order to claim a full refund


 

To receive a gambling tax refund you need not look much further. www.ustaxrecovery.com is a firm based out of Canada which can provide such assistance. Being in business since 2001, U.S. Tax Recovery is recognized by the IRS as an acceptance agent qualified to obtain an ITIN on your behalf.

To obtain additional information call toll-free at 1-866-829-3787. Or visit the website listed above.

How to get a casino tax rebate

Great site to recover your taxes paid on gambling winnings

in reference to: Getting a Casino Tax Rebate (view on Google Sidewiki)

Sunday, February 21, 2010

Casino Tax Rebates

Casino Tax Rebates

Casino tax rebates can be in your fingers in only a few weeks. Did you visit the United States and gamble, win money and have some withheld? Do you want your money back? Are you a citizen of another country, and not of the United States? If you answered yes to these questions, you may be eligible to get up to 30% of your casino tax rebates back within a few weeks.

Casino tax rebates can be in your fingers in only a few weeks. Did you visit the United States and gamble, win money and have some withheld? Do you want your money back? Are you a citizen of another country, and not of the United States? If you answered yes to these questions, you may be eligible to get up to 30% of your casino tax rebates back within a few weeks.Our company offers you the opportunity to get casino tax rebates.
This is a completely legal process that deals with the IRS and many other government agencies, on your behalf. There are hundreds of people that sit for hours on the phone with the IRS and still get no answers and no satisfaction. If you live in and are a citizen of a country other than the United States, have a valid government issued identification card and won money while gambling in the United States, you can get casino tax rebates in most cases. Casino tax rebates are the amount of money that was withheld from your winnings, before they were even handed to you. Remember when you won the money, an attendant asked you about your citizenship? When he or she reported back to the cashier with this information since you are not a United States citizen, there was 30% of your money withheld for the IRS withholding tax. Why should you have to pay taxes in the United States when you don’t live there?Any winnings of more than $600 from a lottery have the 30% withholding tax taken out. Any winnings in the US of more than $1,200 from bingo or slot machines will also have that withholding tax taken out. If you won more than $1,500 from keno or more than $600 from dog races, horse races or jai alai or won any money from poker, we can help. The fact that your citizenship alone causes you to have to pay a tax is ludicrous. Our company thinks that you should be able to keep all of your winnings in your pocket. Therefore, we offer casino tax rebates. Casino tax rebates are simply getting you back the money that was kept from you in withholding taxes.Our company will require up to 8 weeks to get an ITIN number for you from the IRS. If you already have an ITIN number, this cuts your waiting time down by half. After the ITIN number is received, we fill out the necessary paperwork on your behalf and send it to the requiring agencies. It can take up to a total of an additional 8 weeks to get your check, but on average our customers see their money within 3 weeks. Once you get your check in the mail, we are notified either by you or by the IRS that your money has arrived. We will then send out an invoice that must be paid immediately. We wait for you to get paid before we ever ask for our fee. There are no hidden fees or stipulations, this is as easy as it gets.US Tax Recovery will put YOUR cash back into YOUR pocket. For details visit http://www.ustaxrecovery.com

US TAX RECOVERY

Refund Management Services - Getting A Refund Management Company

A great many people do not realize that they may be entitled to casino tax rebates that were withheld when they gambled at a legal US casino and had part of their winnings reserved for the IRS. A gambling tax rebate is offered for those who are not citizens of the United States and were visiting for travel. In order to get this rebate, a person has to prove that they are a legal resident of another country and prove that they went to the United States as a tourist, where they happened to win money at a casino.


 

This scenario occurs all of the time, especially in Las Vegas, a city that is build around the gambling industry and many people from all over the world decide to visit. Those who are visiting for fun and happen to win big at the casino will find that the casino withholds 30 percent of their winnings for the IRS. This is based upon the IRS requirements that US citizens pay their taxes on all of their income and makes it easier for the IRS to collect this money from its citizens. However, those who are not under an obligation to pay US income taxes may be entitled to a gambling tax rebate. Casino tax rebates are for those who are from another country and can prove their residence.


 

Getting a gambling tax rebate entails dealing with the IRS. Casino tax rebates require you to complete certain forms from the IRS as well as provide the right documentation regarding the taxes that you paid when you won at gambling. You will have to provide them with your win slip from the casino that states the money that you paid in taxes as well as proof of your trip to the US, your legal residence and the fact that you were gambling for fun and not for profit. This information is collected by the IRS that decides upon issuing casino tax rebates. Getting a gambling tax rebate from the IRS can take some time as this government entity does not move very quickly with regard to returning taxes that have been collected.


 

One way that you can get casino tax rebates is to use an online company that specializes in dealing with the IRS to obtain the gambling tax rebate for non-US citizens. There are time restrictions as to getting the gambling tax rebate as well as restrictions on who can obtain the casino tax rebates. You can find out the criteria and if you qualify for these rebates by going online to a company that can help you obtain your gambling tax rebate.


 

Casino tax rebates can be very substantial, especially if you won quite a bit of money during your trip. It is usually well worth it for a non-US citizen who is not under the obligation to pay the tax to pursue this matter with the IRS. However, because this process can be frustrating and time consuming, as well as confusing for someone who does not live in the United States, many forgo their gambling tax rebate. If you are a citizen of another country and have won big at a casino and had taxes withheld, you should be aware of the fact that you may be entitled to a gambling tax rebate. Casino tax rebates can really add up to a lot more money for you and can be obtained by using an online company.


 

Resource: You may be entitled to casino tax rebates if you paid taxes when you won money at a US casino and are not a citizen. You can get a company such as US Tax Recovery help you obtain you're gambling tax rebate.

Saturday, February 13, 2010

10 things to know about your U.S. Tax Recovery

US Tax Recovery - What You Need To Know About the US Gambling Tax


 

If you gamble in the United States at a legal casino and win, then chances are that you are going to pay the US gambling tax. If you win more than $1200 at any casino, the casino will withhold 30 percent of the money that you won for the US gambling tax. This is done to make sure that you declare your winnings on your income tax statement. You will get a win slip that is filed with the IRS to make sure that they know that you have already paid your taxes for this income. However, those who are not US citizens may be entitled to receive US tax recovery. As they may have to pay taxes on their income in their own country, US Tax Recovery allows them to recover the taxes that they won at the casino and were paid to the IRS so that they are not paying on their winnings twice.


 

US Tax Recovery can be a long and complicated process, especially for those who are not familiar with the workings of the IRS who now have the money that was withheld from the casino. In order to get the money back from the IRS, you need to seek out a company that will help you with the US tax recovery. You can get back US gambling tax if you are a legal resident of another country and are not a citizen of the United States. You have to complete various forms for this process as well as provide adequate documentation about the taxes that were withheld as well as your own residency proof. You will also have to show why you were in the United States. All of this information aids in US tax recovery.


 

There is a time limit as to how long you can get a refund on your US gambling tax. After a few years, you will not be eligible for US Tax Recovery, so it is best to act as soon as possible to get this money that is due to you. Your best option is to use a service that will help you retrieve your US gambling tax from the IRS. They will be familiar with the forms that you need, be able to help you provide the right documentation, and will also be able to get the win slip that states how much you paid in your US gambling tax. You stand a far better chance at obtaining US Tax Recovery from your gambling winnings if you use a service than if you attempt to do this on your own. You may find that the process is frustrating, that you fill out the wrong forms and may be continually asked for information. If you are from another country and are a legal resident of that country and won money at a casino in the United States and had US gambling tax withheld, you may be eligible for US tax recovery for those gambling winnings. As the amount of tax is thirty percent of your winnings, it is well worth your time to seek out a company that can help you with this process and get this money back from the IRS.


 

Resource: If you gamble in the US but are not a citizen, you may be eligible for US tax recovery. You may be able to get the US gambling tax that was withheld from your winnings back from the IRS if you visit US Tax Recovery.


 


 



 

Thursday, February 11, 2010

Casino Tax Refunds « Managing your casino tax rebate. - ustaxrecovery.wordpress.com - Yahoo! Buzz

Casino Tax Refunds « Managing your casino tax rebate. - ustaxrecovery.wordpress.com - Yahoo! Buzz

Casino Tax refund: An insight into eligibility requirements by Atanu Shaw

Casino Tax refund: An insight into eligibility requirements by Atanu Shaw

Whether you are a first time winner or a returnee winner, the feeling of win is exciting and euphoric in itself. This feeling is a little bit disturbing, as you have to pay tax for it as this is included in your income earned for that period. These taxes can be reverted to form a part of either US resident or non-US residents’ tax refunds. There are many casino games for both US residents as well as non-US residents that are entitled for casino tax refunds. These include Bingo, game show wins, Keno, Lottery wins, Dog racing or horseracing, slot machine, Black jack tournaments as well as poker tournaments too.
Who all are eligible for qualifying for such refunds?
Everyone is not qualified enough for claiming casino tax refunds. IRS is very strict in choosing the eligibility ground and hence, if you are one who is wishing for getting the casino refund must have full information and awareness on the eligibility so that you should not be frustrated later on. The eligibility criteria of getting casino tax refund are:
 You must be a winner of a taxable game and that must be from a qualified gaming activity since three years.
 You must hold an IRS form1042-S given by the casino for which you played
 Thirdly, you must be a qualified casino game loser that is stated in Canadian US tax treaty.
Getting back the casino tax refund
You can get casino tax refund even after three years of winning the game. This is the reason why it becomes important for you to take note of winnings and loses and it is very much important for all those who are frequent visitors to the casino. You should jot down and make your own record as how much win and how much loss had been there in your game record. These data will help you when you go for claiming the casino refund. You must have tickets, receipts, statements or records as these helps you in proving IRS that you are eligible for receiving the casino refund. If you do not have any such things then you can also show your casino loss through your cancelled cheques or bank statements and withdrawals.
Choose out and be a winner
It is known that IRS as tax taken away shares thirty percent of your winning fund, but now you do not need to worry for those thirty percent. As you will hire a specialist who will take charge in getting those back through casino tax refund so you should be tension free now. Even other non-US residents and Canadian residents’ winner can depend on them so that they get even partial or full casino refund tax from the casino. They will help you in assisting you and guiding you through step-by-step process. Enjoy playing and feel great when you are the winner of the casino as you are sure to get casino tax refund.



Author's Biography:

You can get more help here http://www.ustaxrecovery.com

US Tax Recovery - What You Need To Know About The US Gambling Tax

US Tax Recovery - What You Need To Know About The US Gambling Tax

Monday, February 1, 2010

US Tax Recovery - Casino Tax Refund : GoArticles.com

US Tax Recovery - Casino Tax Refund : GoArticles.com
f you have been in the United States gambling and won big money, you have most likely had 30 percent of your winnings withheld for gaming tax. You are eligible for US tax recovery so that you can get a casino tax refund if you are not a US citizen, have paid the tax in the past three years and have documentation proving that you are a resident of another country. You can get help online from companies that can assist you in getting back a significant portion of your winnings.

US citizens who gamble in the United States have to pay tax immediately on anything they win over $1,200. They get a win slip and pay the casino win tax right up front. Those who are not US citizens, however, will also have this money taken from them at casinos, although they are not obligated to pay US taxes. Many do not realize that they can apply for a US tax recovery and receive a casino tax refund on the money that was withheld from their winnings. This occurs often in people who come from Canada as well as other parts of the world to gamble in Las Vegas.

Working with the United States government is never a picnic for those who live in the US, let alone those who live outside of the company. The government counts on those who are residents of other countries not looking for a casino tax refund and being happy with whatever they take back. With the US tax recovery, they can get their money returned to them. Using a company that understands US gambling tax laws and how they work for visitors to the United States is your best option. While they cannot guarantee that they will get the money back for you, they can usually obtain most, if not all, of your withholdings if you work with them. Even if it has been awhile and you lost your win slip from the casino, they can obtain that and start working towards your US tax recovery. If you are looking for a casino tax refund for the money that you won when gambling in the United States, then you can find it when you use the services of a qualified company.

Thirty percent is a lot of money when you are talking of a lot of winnings at a casino. You can get the casino tax refund and look at it as a windfall when you use the services of a US tax recovery firm. They will work with you so that you get back all the money to which you are entitled. You can visit them online and see what they can do for you. If you were a legal resident at the time of your gambling of another country, you may be entitled to money from your gambling winnings. Take a look at what a US tax recovery company can do for you, how they can help you and get your casino tax refund. Even if it has been a couple of years since you gambled in the United States, you can still get your money back that was withheld when you received your win slip at the casino.


About the Author

If you gambled in the US and are a resident of another country, you may be entitled to getting a casino tax refund for the taxes you paid. You can go to a us tax recovery firm such as US Tax Recovery to help you obtain this money.

Saturday, January 23, 2010

Recover Your gambling winnings

How many times have you visited a casino in the United States and after plugging away at a slot machine for hours "JACKPOT" you win…lights flash, heads turn, eyes filled with interest and intrigue. You glance around with a combination of disbelief, excitement and shock, see an attendant approaching to congratulate you and confirm your win. Another surprise comes when the attendant returns with your cash, thirty percent less then you expected.

Yes, this is a win, it is like found money but it is still thirty percent less then you anticipated and that can be disappointing in the moment. The displeasure often becomes greater after the fact…once you are home and the money is spent, you realize that there is still thirty percent missing, money that could be yours to spend. This is the time when you are in need of our services; U.S. Tax Recovery Inc., is a company that specializes in assisting Canadians who gamble and win in the U.S. to get their gaming taxes back. We are available to assist any eligible Canadian winners, who have been taxed on Slots, Keno, Bingo, Poker or other casino based games where taxes are paid.


U.S. Tax Recovery Inc. offers a professional service inclusive of any research and inquiry which may be required. Our objective is to eliminate the stress and confusion which can be experienced by trying to retrieve these funds without informed and experienced professionals. U.S. Tax Recovery Inc. delivers superior customer service and offers a simple, hassle-free approach to retrieving your U.S. gaming taxes. We are 100% customer service oriented and are here to assist our clients through the entire refund process from start to finish.

Winning doesn't stop at the casino it continues with U.S. Tax Recovery Inc.