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Why You Should Hire a Refund Management Company?

Internal Revenue Service abbreviated as IRS, is the entity within the United Statesu2019 federal government responsible for collecting taxes from their citizens. Internal Revenue Service withholds 30% of the money won in a legal casino. Canadian have a special concession from the IRS which allows them to deduct the gambling losses against gambling winnings. Casino tax refund service providers can help you obtain the withheld portion of your winnings from the IRS.

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Why You Should Hire a Refund Management Company?

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  1. CASINO TAX REBATE REFUND MANAGEMENT COMPANIES FOR TAX RECOVERY YOU DESERVE ALL OF YOUR CASINO WINNINGS!

  2. If you win more than $1200 at a casino in the U.S., they will withhold 30% of your winnings to pay the gambling tax

  3. The casino will furnish you with a copy of a completed Form 1042-S This form also known as win slip could verify the amount of money you won

  4. Form 1042-S is filed with the IRS to confirm the tax payment on the gambling income

  5. As your winnings may be taxable in your country of origin, paying the U.S. gambling tax may result in double taxation

  6. According to the U.S.- Canada Tax Treaty, Canadians can offset gambling losses against the winnings reported

  7. Gambling winnings are not taxed in Canada, whether it’s from a lottery, horse race, or casino jackpot

  8. Tax recovery is a long and complicated process, especially as the money withheld by the casino must be reclaimed from the IRS

  9. You have to complete a number of forms, provide proof of your residency and citizenship in a country other than the U.S.

  10. Also provide documentation on the taxes withheld by the casino and show your reasons for visiting the U.S.

  11. A tax rebate service provider in Canada is required to recover the withheld portion of your winnings

  12. Credits: https://casinotaxrebate.com Casino Tax Rebate® offers Casino Tax Refund services for Canadians and other non- US Residents Phone Number 1(800)959-3387 Email Address info@casinotaxrebate.com

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