Casino Tax Rebate offers a service to Canadian gambling winners to recover the withholding tax deducted at US casinos.
February 1, 2007 (Press Release) --
Canadians gambling in the United States are surprised when they claim their winnings that a 30% withholding tax is deducted, since in Canada gambling winnings are tax exempt. However, help is on the way. Casino Tax Rebate is a Canadian Company founded in 1979 that specializes in U.S. Gambling Tax Recovery Services.
The IRS requires that casinos and other gaming establishments withhold 30% of the gambling winnings of International visitors. However, due to the U.S.A. Canada Tax Treaty, Canadians can offset wagering losses against the wagering winnings reported on form 1042-S. and get some or all of the withholding tax back! Non U.S.A. citizens that are residents of certain other countries may also qualify for a casino refund of the 30% withholding.
Recovery of the gambling tax on winnings is a two part process. First a Canadian must obtain a U.S. Individual Taxpayer Identification Number. The process for this usually takes six to eight weeks. Then a U.S. tax return is filed to recover the tax on the basis of the Canada U.S.A. tax treaty. The whole process can take three to four months. Using an IRS approved Certifying Acceptance Agent like Casino Tax Rebate simplifies the process and is highly recommended.
Casino Tax Rebate is a member of the Better Business Bureau and an IRS authorized Certifying Acceptance Agent, providing U.S.A. Individual Taxpayer Identification Number certifications and U.S. Gambling Tax Recovery Services.
The IRS requires that casinos and other gaming establishments withhold 30% of the gambling winnings of International visitors. However, due to the U.S.A. Canada Tax Treaty, Canadians can offset wagering losses against the wagering winnings reported on form 1042-S. and get some or all of the withholding tax back! Non U.S.A. citizens that are residents of certain other countries may also qualify for a casino refund of the 30% withholding.
Recovery of the gambling tax on winnings is a two part process. First a Canadian must obtain a U.S. Individual Taxpayer Identification Number. The process for this usually takes six to eight weeks. Then a U.S. tax return is filed to recover the tax on the basis of the Canada U.S.A. tax treaty. The whole process can take three to four months. Using an IRS approved Certifying Acceptance Agent like Casino Tax Rebate simplifies the process and is highly recommended.
Casino Tax Rebate is a member of the Better Business Bureau and an IRS authorized Certifying Acceptance Agent, providing U.S.A. Individual Taxpayer Identification Number certifications and U.S. Gambling Tax Recovery Services.
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