Casino Winnings Tax Information
Casino Tax Recovery
The U.S. Canada Tax Treaty and How It Can be Helpful If You are A Canadian Gambler
If you are a Canadian gambler who loves to patronize casinos in the US, it is essential to know as much as possible about the U.S. Canada tax treaty. When you gamble in the US you will only be able to take home 70% of your winnings since the rest will be withheld as winnings taxes. The IRS has mandated that all Canadians must pay a 30% tax on the amount they win. However, Casino Tax Rebate can help you with casino tax recovery Canada.
Because of the tax treaty, Canadians can claim US tax recovery casino winnings from the IRS. Plenty of gamblers who are aware of this often attempt to get the recovery on their own. However, many of these are asked to send in original passports and basically follow a lengthy and very frustrating process which often amounts to nothing. There are no guarantees that you will get a refund even after following the entire process and filing for a refund.
You may not have full information about this tax treaty and may not know the taxation laws in detail. What’s more, the IRS can be difficult to work with and very intimidating. This is why using a firm like ours that specializes in US casino tax recovery for Canadians is the best possible course of action to follow in such matters, saving you from having to deal with the IRS on your own.
This process can be confusing, but with a little help from us an educated gambler can get a full tax refund.
Contact us today to start the process of your US Gambling Winnings Tax Recovery!