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.
The IRS tax on gambling entails that you pay 30 percent of the money that you won right away when you win more than $1200 at a casino or other legal gambling establishment in the United States. This money comes off from your winnings right away. You will receive a win slip when you win money at a casino or other establishment with this amount withheld. Most Americans are aware of the IRS tax on gambling and are happy to get their winnings, regardless of the money that is due to Uncle Sam right away. This is done to insure that the taxes are paid. American citizens do not have to claim this on their income tax forms as the money has already been withheld. They cannot recover casino taxes for themselves. However, those who come from other countries do not have to follow the same rules. They can recover casino taxes paid to the IRS if they can prove that they are not citizens of the United States and at the time of their winnings were legal residents of another country.
In order to recover casino taxes, a person must be aware of the IRS tax on gambling. This is not usually clearly explained at the casino when a person who wins money receives a win slip and sees that the taxes have been withheld. Most non US residents have no idea that they can recover casino taxes because they do not have to follow the IRS tax on gambling as they are not under the same obligation to the IRS as an American citizen. In order to recover casino taxes, however, the person must deal with the IRS.
Dealing with the IRS for most Americans is considered to be horrific at best. Dealing with the internal revenue service when you are not a US citizen and want to recover casino taxes due to the IRS tax on gambling can be confusing as well as frustrating. This is why you are better off to use a firm that understands all about the IRS tax on gambling and can help you recover casino taxes that you may have paid in error. Even if you no longer have your win slip and it has been a couple of years since you won the money, you may still be entitled to a refund for the casino taxes that were withheld. A firm can help you recover casino taxes and will be able to ascertain whether or not you fall into the criteria used by the IRS tax on gambling.
You are better off to deal with the IRS using a firm than trying to do this alone as it can be a long and very frustrating process at best. If you use a firm that is well aware of the IRS tax on gambling, you stand a good chances to recover casino taxes you may have paid, but were not obligated to pay, because you were not a citizen of the United States at the time you were gambling. You can go online and see if you meet the criteria that are needed in order to get some of your taxes that you paid to the IRS back from your gambling winnings.
You can learn how to recover gambling taxes that you paid when you won at the casinos in the United States if you are a legal resident of another country. The gambling winnings tax is taken right from any winnings that are over $1200 when you win money at a legal casino establishment in the United States. If you are a legal resident of another country, such as Canada, for example, you may not have to pay this tax and can recover gambling taxes from the internal revenue service that collects this tax. The gambling winnings tax is thirty percent of the winnings, which can be a lot of money if you won big at the casino.
There are steps that you have to take in order to recover gambling taxes. The first step is to find out how much you paid in gambling winnings tax when you won. This is printed on your win slip at the casino. When you win a substantial amount of money at the casino in the United States, they will withhold the taxes right away from your winnings, regardless of whether or not you are US citizen or not. If you use an online firm that specializes in helping people recover gambling taxes, you can even obtain your win slip even if you have thrown it away. They will obtain the information for you with regard to how much you paid in gambling winnings tax.
The next step is to see if you qualify to recovery gambling taxes. In order to do this, you have to have won the money within the past three years and prove that you were a legal resident of another country at that time and not a United States citizen. When you use a firm that helps you recover gambling winnings tax, you can see if you meet these criteria right away. If you do, you can engage them to help you recover gambling taxes from the IRS.
A firm will understand how to deal with the IRS in the best way possible so that you can recover gambling taxes as soon as possible. Dealing with the IRS can be difficult for most people, especially those who do not live in the United States. Using a firm that deals in recovering gambling winnings tax is one way that you can help yourself get this money back sooner. Many people who get the withholding from their gambling winnings at the casino do not even realize that they can recover gambling taxes if they are a legal resident of another country and not of the United States.
A great deal of people from other countries visit the United States each year for travel as well as gambling in places such as Las Vegas, which is considered to be the ultimate gambling haven in the country. What many do not realize is that if they win big money and are not citizens of the United States, they do not have to pay the full gambling winnings tax. In most cases, they can recover gambling taxes in the full amount if they complete the proper forms and send documentation to the IRS. However, because this process can be frustrating as well as time consuming, a great deal of people do not go through the trouble. By using an online firm, you can get back most of your money that was withheld when you won at the casino.