Do you need an ITIN

Purpose of a ITIN

ITIN or Individual Taxpayer Identification Number is a nine digit number issued by the Internal Revenue Service for tax processing in the United States. ITIN is issued to non- resident and resident aliens who are required to file federal tax returns and those who are not eligible for a social security number or Employer Identification Number. ITIN is issued for federal tax purposes only and will not serve as an identification proof or work permit in the US. The US Federal government strictly prohibits the usage of ITIN for any purposes other than taxation.

To apply for an ITIN you need valid documents stipulated by the IRS as proof of identity and address. You will have to include the original document or certified/notarized copies while submitting your application unless you meet one of the exceptions. You have to complete the form W-7, attach a valid federal tax return and send them to the IRS. You may also use the services of an IRS authorized Acceptance Agent to apply for ITIN. You will receive a letter from the IRS assigning you your ITIN usually 6 weeks after the application is submitted. If you do not receive the ITIN letter within 6 weeks you can call the IRS and check the status of your application. Issue of ITIN is a onetime activity, the ITIN holder should use the same ITIN issued for future taxation filing.

The process and formalities involved in applying for an ITIN can be complicated and cumbersome for anyone. The ideal thing to do is to approach a professional who has good knowledge about the procedures and formalities involved in applying to the IRS. The IRS authorizes companies and individuals as Certifying Acceptance Agents to act on behalf of individuals who need an ITIN. The Acceptance Agents can directly apply to the IRS on your behalf by completing all the documentation and forwarding the completed application to the IRS. They can also keep a track of the status of your application and take any corrective actions if necessary. Contact www.ustaxrecovery.com to receive additional information about an obtaining an ITIN.

 

 

GAMBLING TAX RELIEF

Gambling Tax Refund – Tax Relief for Non-US Residents!

 

As per the IRS requirements in the USA, casinos and similar institutions are authorized to withhold 30% of the winning amount on certain gambling games. However, there is a U.S. tax recovery solution for Canadians and International casino patrons* who gamble and have had U.S. taxes withheld.

 

As per the US-Canada Tax Treaty, Canadians and International patrons* can offset their gambling losses against their winnings. Jackpot winners who have had their gambling winnings taxed can benefit from this treaty.

 

 

A win in the US casinos can be exhilarating but soon that excitement will fade when you realize that a 30% withholding tax that has been deducted from your gambling winning. However, there are several casino games and lotteries on which you can obtain a gambling tax refunds. As outlined by the IRS, these are:

• Bingo
  
• Keno
  
• Slot machines
  
• Blackjack
  
• Poker
  
• State Lotteries
  

To obtain a casino tax rebate you need to keep in mind that the refund process normally takes 12-16 weeks. An ITIN application will be filled out and submitted on your behalf to the IRS. This ITIN number will become your permanent number which you can use as often as you need to file for a gambling refund. Finally a 1040NR will be filed on your behalf. A 1040NR is a tax return, non-us resident must file to obtain a casino tax refund.

Keep in mind these simple rules.

• If you are a winner for the taxable game that has been considered as an eligible gaming activity in the last three years.  
  
• If you are a holder of the IRS Form 1042-S and the casino has offered that.
  
• If you are offset winnings with losses within the same tax year.
  

  *Apart from Canadians, In addition to Canada the following other listed countries qualify: Austria, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Netherlands, Russian Federation, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Tunisia, Turkey, Ukraine, and the United Kingdom. These listed countries do not have to establish gambling losses in order to claim a full refund
  

 

To receive a gambling tax refund you need not look much further. www.ustaxrecovery.com is a firm based out of Canada which can provide such assistance. Being in business since 2001, U.S. Tax Recovery is recognized by the IRS as an acceptance agent qualified to obtain an ITIN on your behalf.

To obtain additional information call toll-free at 1-866-829-3787. Or visit the website listed above.

How to get a casino tax rebate

Great site to recover your taxes paid on gambling winnings

in reference to: Getting a Casino Tax Rebate (view on Google Sidewiki)

US Gambling Tax; A Myth to be Discerned

US Gambling Tax; A Myth to be Discerned

Casino Tax Rebates

Casino Tax Rebates

Casino tax rebates can be in your fingers in only a few weeks. Did you visit the United States and gamble, win money and have some withheld? Do you want your money back? Are you a citizen of another country, and not of the United States? If you answered yes to these questions, you may be eligible to get up to 30% of your casino tax rebates back within a few weeks.

Casino tax rebates can be in your fingers in only a few weeks. Did you visit the United States and gamble, win money and have some withheld? Do you want your money back? Are you a citizen of another country, and not of the United States? If you answered yes to these questions, you may be eligible to get up to 30% of your casino tax rebates back within a few weeks.Our company offers you the opportunity to get casino tax rebates.
This is a completely legal process that deals with the IRS and many other government agencies, on your behalf. There are hundreds of people that sit for hours on the phone with the IRS and still get no answers and no satisfaction. If you live in and are a citizen of a country other than the United States, have a valid government issued identification card and won money while gambling in the United States, you can get casino tax rebates in most cases. Casino tax rebates are the amount of money that was withheld from your winnings, before they were even handed to you. Remember when you won the money, an attendant asked you about your citizenship? When he or she reported back to the cashier with this information since you are not a United States citizen, there was 30% of your money withheld for the IRS withholding tax. Why should you have to pay taxes in the United States when you don’t live there?Any winnings of more than $600 from a lottery have the 30% withholding tax taken out. Any winnings in the US of more than $1,200 from bingo or slot machines will also have that withholding tax taken out. If you won more than $1,500 from keno or more than $600 from dog races, horse races or jai alai or won any money from poker, we can help. The fact that your citizenship alone causes you to have to pay a tax is ludicrous. Our company thinks that you should be able to keep all of your winnings in your pocket. Therefore, we offer casino tax rebates. Casino tax rebates are simply getting you back the money that was kept from you in withholding taxes.Our company will require up to 8 weeks to get an ITIN number for you from the IRS. If you already have an ITIN number, this cuts your waiting time down by half. After the ITIN number is received, we fill out the necessary paperwork on your behalf and send it to the requiring agencies. It can take up to a total of an additional 8 weeks to get your check, but on average our customers see their money within 3 weeks. Once you get your check in the mail, we are notified either by you or by the IRS that your money has arrived. We will then send out an invoice that must be paid immediately. We wait for you to get paid before we ever ask for our fee. There are no hidden fees or stipulations, this is as easy as it gets.US Tax Recovery will put YOUR cash back into YOUR pocket. For details visit http://www.ustaxrecovery.com

US TAX RECOVERY

Refund Management Services - Getting A Refund Management Company

A great many people do not realize that they may be entitled to casino tax rebates that were withheld when they gambled at a legal US casino and had part of their winnings reserved for the IRS. A gambling tax rebate is offered for those who are not citizens of the United States and were visiting for travel. In order to get this rebate, a person has to prove that they are a legal resident of another country and prove that they went to the United States as a tourist, where they happened to win money at a casino.

 

This scenario occurs all of the time, especially in Las Vegas, a city that is build around the gambling industry and many people from all over the world decide to visit. Those who are visiting for fun and happen to win big at the casino will find that the casino withholds 30 percent of their winnings for the IRS. This is based upon the IRS requirements that US citizens pay their taxes on all of their income and makes it easier for the IRS to collect this money from its citizens. However, those who are not under an obligation to pay US income taxes may be entitled to a gambling tax rebate. Casino tax rebates are for those who are from another country and can prove their residence.

 

Getting a gambling tax rebate entails dealing with the IRS. Casino tax rebates require you to complete certain forms from the IRS as well as provide the right documentation regarding the taxes that you paid when you won at gambling. You will have to provide them with your win slip from the casino that states the money that you paid in taxes as well as proof of your trip to the US, your legal residence and the fact that you were gambling for fun and not for profit. This information is collected by the IRS that decides upon issuing casino tax rebates. Getting a gambling tax rebate from the IRS can take some time as this government entity does not move very quickly with regard to returning taxes that have been collected.

 

One way that you can get casino tax rebates is to use an online company that specializes in dealing with the IRS to obtain the gambling tax rebate for non-US citizens. There are time restrictions as to getting the gambling tax rebate as well as restrictions on who can obtain the casino tax rebates. You can find out the criteria and if you qualify for these rebates by going online to a company that can help you obtain your gambling tax rebate.

 

Casino tax rebates can be very substantial, especially if you won quite a bit of money during your trip. It is usually well worth it for a non-US citizen who is not under the obligation to pay the tax to pursue this matter with the IRS. However, because this process can be frustrating and time consuming, as well as confusing for someone who does not live in the United States, many forgo their gambling tax rebate. If you are a citizen of another country and have won big at a casino and had taxes withheld, you should be aware of the fact that you may be entitled to a gambling tax rebate. Casino tax rebates can really add up to a lot more money for you and can be obtained by using an online company.

 

Resource: You may be entitled to casino tax rebates if you paid taxes when you won money at a US casino and are not a citizen. You can get a company such as US Tax Recovery help you obtain you're gambling tax rebate.

Casino Tax Refund | US Tax Recovery

Casino Tax Refund | US Tax Recovery

Us Tax Recovery Gets Your Casino Taxes Back

Us Tax Recovery Gets Your Casino Taxes Back

10 things to know about your U.S. Tax Recovery

US Tax Recovery - What You Need To Know About the US Gambling Tax

 

If you gamble in the United States at a legal casino and win, then chances are that you are going to pay the US gambling tax. If you win more than $1200 at any casino, the casino will withhold 30 percent of the money that you won for the US gambling tax. This is done to make sure that you declare your winnings on your income tax statement. You will get a win slip that is filed with the IRS to make sure that they know that you have already paid your taxes for this income. However, those who are not US citizens may be entitled to receive US tax recovery. As they may have to pay taxes on their income in their own country, US Tax Recovery allows them to recover the taxes that they won at the casino and were paid to the IRS so that they are not paying on their winnings twice.

 

US Tax Recovery can be a long and complicated process, especially for those who are not familiar with the workings of the IRS who now have the money that was withheld from the casino. In order to get the money back from the IRS, you need to seek out a company that will help you with the US tax recovery. You can get back US gambling tax if you are a legal resident of another country and are not a citizen of the United States. You have to complete various forms for this process as well as provide adequate documentation about the taxes that were withheld as well as your own residency proof. You will also have to show why you were in the United States. All of this information aids in US tax recovery.

 

There is a time limit as to how long you can get a refund on your US gambling tax. After a few years, you will not be eligible for US Tax Recovery, so it is best to act as soon as possible to get this money that is due to you. Your best option is to use a service that will help you retrieve your US gambling tax from the IRS. They will be familiar with the forms that you need, be able to help you provide the right documentation, and will also be able to get the win slip that states how much you paid in your US gambling tax. You stand a far better chance at obtaining US Tax Recovery from your gambling winnings if you use a service than if you attempt to do this on your own. You may find that the process is frustrating, that you fill out the wrong forms and may be continually asked for information. If you are from another country and are a legal resident of that country and won money at a casino in the United States and had US gambling tax withheld, you may be eligible for US tax recovery for those gambling winnings. As the amount of tax is thirty percent of your winnings, it is well worth your time to seek out a company that can help you with this process and get this money back from the IRS.

 

Resource: If you gamble in the US but are not a citizen, you may be eligible for US tax recovery. You may be able to get the US gambling tax that was withheld from your winnings back from the IRS if you visit US Tax Recovery.

 

 

 

Casino Tax Refunds « Managing your casino tax rebate. - ustaxrecovery.wordpress.com - Yahoo! Buzz

Casino Tax Refunds « Managing your casino tax rebate. - ustaxrecovery.wordpress.com - Yahoo! Buzz

Casino Tax refund: An insight into eligibility requirements by Atanu Shaw

Casino Tax refund: An insight into eligibility requirements by Atanu Shaw

Whether you are a first time winner or a returnee winner, the feeling of win is exciting and euphoric in itself. This feeling is a little bit disturbing, as you have to pay tax for it as this is included in your income earned for that period. These taxes can be reverted to form a part of either US resident or non-US residents’ tax refunds. There are many casino games for both US residents as well as non-US residents that are entitled for casino tax refunds. These include Bingo, game show wins, Keno, Lottery wins, Dog racing or horseracing, slot machine, Black jack tournaments as well as poker tournaments too.
Who all are eligible for qualifying for such refunds?
Everyone is not qualified enough for claiming casino tax refunds. IRS is very strict in choosing the eligibility ground and hence, if you are one who is wishing for getting the casino refund must have full information and awareness on the eligibility so that you should not be frustrated later on. The eligibility criteria of getting casino tax refund are:
 You must be a winner of a taxable game and that must be from a qualified gaming activity since three years.
 You must hold an IRS form1042-S given by the casino for which you played
 Thirdly, you must be a qualified casino game loser that is stated in Canadian US tax treaty.
Getting back the casino tax refund
You can get casino tax refund even after three years of winning the game. This is the reason why it becomes important for you to take note of winnings and loses and it is very much important for all those who are frequent visitors to the casino. You should jot down and make your own record as how much win and how much loss had been there in your game record. These data will help you when you go for claiming the casino refund. You must have tickets, receipts, statements or records as these helps you in proving IRS that you are eligible for receiving the casino refund. If you do not have any such things then you can also show your casino loss through your cancelled cheques or bank statements and withdrawals.
Choose out and be a winner
It is known that IRS as tax taken away shares thirty percent of your winning fund, but now you do not need to worry for those thirty percent. As you will hire a specialist who will take charge in getting those back through casino tax refund so you should be tension free now. Even other non-US residents and Canadian residents’ winner can depend on them so that they get even partial or full casino refund tax from the casino. They will help you in assisting you and guiding you through step-by-step process. Enjoy playing and feel great when you are the winner of the casino as you are sure to get casino tax refund.



Author's Biography:

You can get more help here http://www.ustaxrecovery.com

US Tax Recovery - What You Need To Know About The US Gambling Tax

US Tax Recovery - What You Need To Know About The US Gambling Tax

Refund Management Services - Getting A Refund Management Company

Refund Management Services - Getting A Refund Management Company

Hadley56's gambling-tax-refund Bookmarks on Delicious

Hadley56's gambling-tax-refund Bookmarks on Delicious

ustaxrecovery's Bookmarks on Delicious

ustaxrecovery's Bookmarks on Delicious

US Tax Recovery - Casino Tax Refund : GoArticles.com

US Tax Recovery - Casino Tax Refund : GoArticles.com
f you have been in the United States gambling and won big money, you have most likely had 30 percent of your winnings withheld for gaming tax. You are eligible for US tax recovery so that you can get a casino tax refund if you are not a US citizen, have paid the tax in the past three years and have documentation proving that you are a resident of another country. You can get help online from companies that can assist you in getting back a significant portion of your winnings.

US citizens who gamble in the United States have to pay tax immediately on anything they win over $1,200. They get a win slip and pay the casino win tax right up front. Those who are not US citizens, however, will also have this money taken from them at casinos, although they are not obligated to pay US taxes. Many do not realize that they can apply for a US tax recovery and receive a casino tax refund on the money that was withheld from their winnings. This occurs often in people who come from Canada as well as other parts of the world to gamble in Las Vegas.

Working with the United States government is never a picnic for those who live in the US, let alone those who live outside of the company. The government counts on those who are residents of other countries not looking for a casino tax refund and being happy with whatever they take back. With the US tax recovery, they can get their money returned to them. Using a company that understands US gambling tax laws and how they work for visitors to the United States is your best option. While they cannot guarantee that they will get the money back for you, they can usually obtain most, if not all, of your withholdings if you work with them. Even if it has been awhile and you lost your win slip from the casino, they can obtain that and start working towards your US tax recovery. If you are looking for a casino tax refund for the money that you won when gambling in the United States, then you can find it when you use the services of a qualified company.

Thirty percent is a lot of money when you are talking of a lot of winnings at a casino. You can get the casino tax refund and look at it as a windfall when you use the services of a US tax recovery firm. They will work with you so that you get back all the money to which you are entitled. You can visit them online and see what they can do for you. If you were a legal resident at the time of your gambling of another country, you may be entitled to money from your gambling winnings. Take a look at what a US tax recovery company can do for you, how they can help you and get your casino tax refund. Even if it has been a couple of years since you gambled in the United States, you can still get your money back that was withheld when you received your win slip at the casino.

About the Author

If you gambled in the US and are a resident of another country, you may be entitled to getting a casino tax refund for the taxes you paid. You can go to a us tax recovery firm such as US Tax Recovery to help you obtain this money.