HOW TO TAKE BACK THE FULL WIN?

March 26th, 2010
posted by admin 5:26 am

A win in one of the US casinos can be a lot enthralling but soon the excitement may fade when you realize that a 30% tax that has been deducted from your win. However, there are several games and lotteries on which you can obtain a tax refund.

The IRS has outlined that on the games of Bingo, Keno, Slot machines, Blackjack, Poker, and State Lotteries you can obtain a gambling tax refund. To obtain a tax rebate you need to know that the refund process normally takes about 12-16 weeks. An ITIN application is to be filled out and submitted on your behalf to the IRS. This ITIN number will become your permanent number which can be used by you as often as you need a gambling refund. Finally a 1040NR will be filed on your behalf.

This is the time when you are in need of the services of companies like the U.S. Tax Recovery Inc. It is a company that specializes to assist Canadian gamblers who win in the U.S. to get their taxes back. The company is available to assist anyone eligible. Canadian gamblers, who have been taxed on Slots, Keno, Bingo, Poker or other casino based games, can hope for a refund of their taxes.

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

If you want to get a gambling tax refund you need not look much further. U.S. Tax Recovery is a firm based out of Canada which will surely help you. It’s in business since 2001 and the U.S. Tax Recovery is recognized by the IRS as an acceptable agent which is qualified to obtain an ITIN number on your behalf.

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