(PRESS RELEASE) - According to Cameron McDougall of Casino Tax Rebate "the IRS requires that casinos and other gambling establishments withhold 30% of the gambling winnings of International visitors. However, due to the U.S.A. Canada Tax Treaty, Canadians can offset gambling losses against the gambling winnings reported on form 1042-S and get some or all of the gambling taxes back." If you are Canadian, Casino Tax Rebate can help you recover your casino winnings taxes.
In Canada gambling income is not taxable, so it comes as quite a surprise to Canadians that all of a sudden their jackpot is reduced by 30%. Once back in Canada, many people attempt to recover this tax only to discover that the intricacies of International Tax Treaties and the correct method of tax recovery is often beyond the expertise of most people. This market niche of recovering gambling taxes is the specialty of Casino Tax Rebate. Since 2000 Casino Tax rebate has been recovering the casino winnings taxes successfully for qualified Canadians.
|
Casino Tax Rebate recovers the gambling taxes on winnings using a two part process. First they obtain a U.S. Individual Taxpayer Identification Number for their client. The process for this usually takes six to eight weeks. Then an application is filed for a U.S. tax recovery 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. Casino Tax Recovery Services.
Email this page
Print this page
Bookmark with del.icio.us
