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.
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...
If you have had gambling taxes withheld from your winnings at a US casino and are not a US citizen, you should look into having a refund management company help you obtain a rebate on the taxes that were withheld. Refund management services can help you get back the money that was withheld from the casino for the internal revenue service that you may not be under an obligation to pay.
A great many people do not realize that they may be entitled to casino tax refund 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.
If you are planning on gambling in the United States, you need to understand about the IRS tax on casino winnings. This is a thirty percent tax that is taken off of your winnings right at the casino if you win over a certain amount of money, usually twelve hundred dollars. If you are not a citizen of the United States, you may be entitled to a casino tax refund of this money.
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.
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.
Suppose you come to the US from Canada to do some gambling in Las Vegas and win big at the casino? If so, then the first thing that will happen is that the casino will withhold 30 percent of your winnings for US gambling taxes, even if you are not a US citizen and a citizen of Canada
Gambling Tax Refund - Get A US Gambling Tax Refund Those who are residents of other countries and come to the United States to gamble may be entitled to a US gambling tax refund. The gambling tax refund is the amount of the withholdings that were taken when you won at the casinos.