Monday, March 29, 2010

US GAMBLING REFUND

Top 4 Mistakes People Make When Gambling in the U.S.

How to Get your US gambling refund.


 

One of the United States' most lucrative markets is their gambling and entertainment facilities. Every year millions of visitors journey to the land of the stars in hopes of striking it rich at a casino. However, what many people are not aware of when they cross the border is the mandatory thirty-percent tax that is withheld on all gambling winnings. What's more, many visitors aren't aware that they can take steps once they enter the U.S. to make sure that they get their money back after it's deducted. Don't get caught making these crucial mistakes – it could mean the chance of reuniting yourself with your prized winning.


 

1. Ignorance isn't always bliss – Before you decide to cross into the land of the red, white and blue, it's best to familiarize yourself with their laws; particularly those that affect you. Currently, the Internal Revenue Service (IRS) requires by law that all gambling establishments must withhold the 30% withholding tax on your earnings. While this is a good bit of knowledge to know; you should also be aware of your eligibility to recoup these losses, and how to do so easily. If you are a Canadian citizen, the Canadian Government has passed the U.S. Canada Treaty Tax which, if done through a proper professional refund management company, helps to maximize your refund.


 

2. Taking the slow approach – After you've familiarized yourself with the laws and what to expect at the casino, it's vital that when you decide to file your claim you do so in with the proper company. They can easily shave off weeks from your claim being processed, while also maximizing the amount you receive. There are also other ways to help get your money to you quicker. As a Canadian, the amount you receive from your withholding tax is dependent on the total amount of that you lost while gambling in the United States. This does not only refer to the one trip where you hit it big, but refers to your total losses during the calendar year. This is why it's best to keep a journal of your winnings and losses. The information you should record are:

- The name and address of the Casino or facility

- The amount you won or lost at the facility

- The time, date and which game you were playing when you lost/won.

- Statements from the Casino, and any applicable documentation that could prove your losses or winnings


 

3. Not picking up a your form from the Casino – When the Casino pays you out for your winnings and deducts your 30% withholding tax, they will also give you an IRS Form (1042-S) that clearly shows the amount you have won at their casino and how much tax they deducted. Keep this as it is important to filing your claim.


 

4. Accepting your 30% loss on your winning – All is not lost! Even if you lose the IRS form, we can still get it back for you, along with your 30% refund! You can claim the casino tax that was withheld from you at the time for up to three calendar years. Let us help you get your rightful money back. Call U.S. Tax Recovery for your US Gambling Refund.


 

U.S. Tax Recovery is recognized by the IRS as an Acceptance agent. They're specialty is assisting Canadians and Non US Residents in recovering there US Gambling Refunds.

If you gambled in the US and are a resident of another country, you may be entitled to getting a US Gambling Refund for the taxes you paid.

Contact U.S. Tax Recovery for more information on how to get a US gambling tax refund

at 1-866-TAXES-US (1-866-829-3787).

Saturday, March 27, 2010

US Gambling Refund

Gambling in the United States: What you need to know before you go


 

Your flight is booked, your hotel room is reserved, and you've heard your calling for the bright lights and casinos. Before you head down to try and press your luck on the casino floors, take a look and be prepared for what comes after you've won.


 

The Rules

Imagine winning it big in Vegas, or hitting the jackpot in Atlantic City. Where ever you decide to test your luck in the United States, it's important you know the rules before you roll that dice. By law, casinos and gambling establishments are required to deduct up to 30% of your winnings, due to a withholding tax employed by the Internal Revenue Service (IRS). This tax applies to:

  • Slot Machines
  • Betting on races
  • Lotteries
  • Card Tournaments (for example, blackjack)
  • Keno


 

Depending on how much you win, the Casino is required to deduct between 25% and 30% of your winnings.


 

Hitting it big – what's next?    

You've cashed out, but it's 30% short – now what? It's important to keep the IRS form that the Casino gives you upon cashing out. It holds important information that is needed when filing for a refund. It's also important to keep a journal of the activities and the wins/losses you incurred. For specific games, please see below:


 

  • SLOT MACHINES: Write down the slot machine number, usually located on the front of the machine, as well as the amount you won and the date you played
  • RACING: This refers to horse racing, dog racing, etc. Keep a detailed journal of your wagers and the amount collected on your winning tickets. It's important that you also keep your losing tickets and the amount of wagers in total, as well as the date and time. This will help prove your claim.
  • LOTTERIES: Write down where and when you bought the ticket (or keep the receipt if possible), and how much you won versus how much in total you spent playing.
  • KENO: Keep all the tickets that you purchased from the Casino as well as any other applicable documentation you may receive while playing.


 

Can you help me recoup my winnings?

U.S. Tax Recovery is dedicated to helping individuals retrieve the maximum amount of the withheld tax. We can help answer your questions concerning your eligibility, help you obtain an Individual Taxpayer Identification Number (ITIN) for a faster refund process, and compile and send all your necessary documents. Best of all, we make getting your money back as simple and stress-free as possible to you.


 

Which countries are eligible?

The following is a list of countries eligible for a tax refund:


 

  • Austria
  • Canada
  • Czech Republic
  • Denmark
  • Finland
  • France
  • Germany
  • Hungary
  • Ireland
  • Italy
  • Japan
  • Latvia
  • Lithuania
  • Luxembourg
  • Netherlands
  • Russia
  • Slovakia
  • Slovenia
  • South Africa
  • Spain
  • Sweden
  • Tunisia
  • Turkey
  • Ukraine
  • United Kingdom


 

U.S. Tax Recovery is recognized by the IRS as an Acceptance agent. They're specialty is assisting Canadians and Non US Residents in recovering there US Gambling Refunds.

If you gambled in the US and are a resident of another country, you may be entitled to getting a casino tax rebate for the taxes you paid.

You can go to a U.S. Tax Recovery to help you obtain this money.

Contact U.S. Tax Recovery for more information on how to get a gambling tax refund at 1-866-TAXES-US (1-866-829-3787).

US TAX RECOVERY

Getting your money back quickly: Choosing the right Refund Management Service


 

Getting your money back after your winnings were deducted can be a complicated and confusing process. Companies specializing in Refund Management Services can help make this process easier for you. But with so many to choose from, how do you know which one is best for you?


 

Why you need one

Let's start with the basics. A professional company that specializes in Refund Management Service can help expedite your refund faster. This could mean up to almost half of the time, which is usually around 16 to 18 weeks. However, with the help of a Refund Management Company, they can help you retrieve the documentation needed to get you your refund quicker. Further, these professionals are just that: they're professionals that deal with individuals like you on a daily basis. Some companies have even been helping individuals for more than ten years. They have the knowledge and skill-set required to maximize your refund in a stress-free way.


 

Things you may not know

Keep and record everything from your trip: Because a claim covers the entire calendar year, it's important to keep and take note of the activities you played, your wins/losses, and the dates you played them. This ensures that your claim is processes quicker, as it helps to prove your earnings/losses for the year. It is also important to keep the IRS tax form given to you after the tax has been deducted from your winnings at the casino. Further, an experienced Refund Management Company can help you obtain your Individual Taxpayer Identification Number (ITIN), which helps in speeding up the recovery of your taxes.


 

Am I eligible?

Depending on certain circumstances, you may be eligible for a refund if:

  • You are from one (1) of the following list of countries:
  •  
    • Austria
    • Canada
    • Czech Republic
    • Denmark
    • Finland
    • France
    • Germany
    • Hungary
    • Ireland
    • Italy
    • Japan
    • Latvia
    • Lithuania
    • Luxembourg
    • Netherlands
    • Russia
    • Slovakia
    • Slovenia
    • South Africa
    • Spain
    • Sweden
    • Tunisia
    • Turkey
    • Ukraine
    • United Kingdom
  • You have won from a gambling establishment and were taxed up to the 30% withholding tax by the establishment within the last three (3) years.
  • You're losses qualify under the U.S. Canada Tax Treaty of 1996.


 

What do I need to fill out a form?

The following is needed to file a claim:

  1. The IRS Tax Form (1042-S) which is provided to you by the Casino when your taxes were deducted.
  2. Three pieces of Government Issued Identification
  3. An ITIN Number. Although this is not required, it helps to recoup your losses within 8 weeks, as opposed to the mandatory 12 to 18 weeks.


 

How can you help me?

U.S. Tax Recovery can help you retrieve your funds in a trouble-free and straightforward manner. We can help you obtain your ITIN number for faster retrieval, as well as obtain your IRS Tax Form (1042-S) should you no longer have it. We are professionals dedicated to helping individuals recover their tax losses when visiting the United States.


 

U.S. Tax Recovery is recognized by the IRS as an Acceptance agent. They're specialty is assisting Canadians and Non US Residents in recovering there US Gambling Refunds.

If you gambled in the US and are a resident of another country, you may be entitled to getting a casino tax rebate for the taxes you paid.

Contact U.S. Tax Recovery for more information on how to get a gambling tax refund at 1-866-TAXES-US (1-866-829-3787).

Or visit them www.ustaxrecovery.com

Sunday, March 7, 2010

Taxes withheld by a casino.

Recovering Casino Taxes. Easy as 1, 2, and 3.


 

Are you worried about paying taxes to the USA on your gambling winnings taxes? Don't feel anxious for help is on the way for you! You are sure to get your taxed gambling winnings back with the help of US TAX RECOVERY.


 

Casinos authorities are required to deduct 30% of your casino winnings for those who are non residents in USA. The IRS 30% tax has been predetermined by the IRS. So the US-Canada treaty allows Canadians and certain International residents to recover their taxed gambling winnings. Canadians may get a gambling tax refund based on proof of their 1042-S slip. Recovering your casino taxes is a very simple process when you hire a company like US TAX RECOVERY. For this reason you have to know whether you are permitted to obtain gambling tax refund or not at all.


 

You can recover your casino taxes if you qualify for the items listed below.


 

  1. Gaming for stakes with the probability to win. It can also be comprehensive of paying something to win a award
  2. Keno is a kind of speculations by which you play balls before counters. The numbered balls are sketched aimlessly. Then you are essential to cover those matching numbers in those cards.
  3. Blackjack is a broadly played casino banking games. It is a combination of option with skills of a person. A family of card games allotment betting rules and hand rankings is named Poker.
  4. Slot machines that are machines designed for gambling. They have near about three reels which start in movement when a button is pressed.
  5. Dog or horse wagering that gambling on dog or horse racing is different than gambling on other betting sports. In this form of betting a person has to put his or her money on the possible winner and if the money is put on the correct animal then the person wins a rewarding sum.
  6. Bingo is a card game that is played with money and with the aim of win profitable amounts.


 

In all the above mentioned cases you may recover your casino taxes.


 

But the first emotions of joy and pleasure get diminished regularly when you understand that you will have to pay taxes on winning amount. But the entitled precondition of these refunds includes the obtaining of an IRS 1042-S Form given by the casino authority, the real winner which is taxable and is from an eligible gaming movement in the earlier three years. The last criteria comprise Canadian-U.S. Tax agreement has identified the losers of the casino games and you will be required to qualify as a loser.


 

Don't be anxious if you have lost your gambling winnings form. There are refund organizations who can provide services to guarantee that you obtain a recovery of your casino taxes.


 


 

Resource:

If you gambled in the US and are a resident of another country, you may be entitled to <a href="http://www.ustaxrecovery.com"> recover your casino taxes </a> you paid. You can go to a <a href="http://www.ustaxrecovery.com">us tax recovery</a> firm such as US Tax Recovery to help you obtain this money.

Saturday, March 6, 2010

US TAX BACK

US Tax Recovery – A hassle free service indeed!

You decide to go to the US for a vacation. One of the prime attractions in the US for someone who wants a bit of nightlife, a little gaming and neon signs is Las Vegas.

So you get to Las Vegas. You try the some Roulette, Blackjack and you head for the slots. 

You have won a lot of money and everyone around you is grinning, you grin being the widest of the lot, you've hogged the limelight, you're feeling heady and you order for another round of drinks, then reality hits you when you take home 30 per cent less than what you actually won. Are you disappointed? Of course you are. You feel cheated maybe. Of course you do. You want all the money you won, here is help. 

US Tax Recovery Inc. is one of the companies that actually helps Canadians get their taxes back from their winnings. The games covered are Keno, Poker, and Bingo, Slots or any other games played in a casino where the taxation policy applies. While some casinos do tell Canadians that they can get the gaming taxes back, many of them fail to explain how. Therefore, you are at your wits end wondering why you pay taxes when you do not even belong to that country!

If you persist in figuring out how you can get your money back, you are likely to find one particular agency that specializes in recovering your gambling taxes. They charge you about small fee based on the amount claimed, and nothing else.

There are many success stories on the net of such windfalls, tax recoveries thereafter for non-US residents. US Tax Recovery not only will recover your gaming taxes; they will also get you back the state taxes that many tourists will pay on winnings from certain casino games, which are over $1200. They will also figure out whether you are eligible to get a full or partial refund from the IRS, and will also help you recover gambling taxes as far back as 3 years.

 
So the next time you head for the United States, and you want to try your luck again, go ahead, and when you win, you can rest assured that 100 per cent of your winnings are absolutely safe, and they are yours, if you know where to go to get your US Tax Recovery.

US tax recovery goes all the way to provide its services, which is inclusive of research as well as enquiry, which could be required at any point. The objective is to only eliminate any sort of stress or confusion, which could be experienced while trying to retrieve funds without having the required and informed professionals. U.S tax recovery also helps in delivering the required customer service, which is said to be superior, and offers a very hassle free and simple approach if an individual has to retrieve his gaming taxes.

Resource:

If you gambled in the US and are a resident of another country, you may be entitled to getting a <a href="http://www.ustaxrecovery.com">us tax recovery</a> for the taxes you paid. You can go to a <a href="http://www.ustaxrecovery.com">us tax recovery</a> firm such as US Tax Recovery to help you obtain this money.