Archive for November, 2009

How To Get Your Casino Tax Rebate?

Casinos are places where there is a huge amount of flow of cash at all times. The kind of money that it deals in goes into millions of dollars. And if a guy gets lucky, he could turn a millionaire in the spur of a moment, thanks to his winnings in a casino.

But before you go on to try out your luck in a casino, get yourself well informed on all its rules and regulations, especially for non US citizens who happen to be visiting the country and go on to visit its casino. If you dream of winning yourself a million dollars in a casino, then be informed of the reality that the amount that you would finally receive is just 70% of it, i.e. 700,000 dollars. Shocking isn’t it. This is because the United States IRS imposes a 30% casino withholding tax on the casino winnings of a non US resident.

The good thing though is that you can claim a casino tax refund on it given certain conditions. For a Canadian person, the rules are a bit lenient because of the Canada US treaty whereby, he can cancel out his losses against the winnings thus claiming a casino tax rebate. For others though, it isn’t as simple. You will have to file for a refund and depending on your country of origin; you may be entitled to a partial or a complete tax refund. But then as with all government departments, there are a number of governmental hassles filling out forms and following a proper procedure.

Here, what comes in handy is the help of a professional refund management service provider. They do all the work for you and get the maximum possible tax refund. Get yourself their service and then you can have a good night’s sleep resting assured of getting your winnings back.