Saturday, March 27, 2010

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