Check out casino tax refund for Canadians for Canadians winning in Las Vegas

Posted by williamriddle on June 18th, 2011

Think of Las Vegas and the image that will come to your mind is that of those huge casinos and the beautiful life one can spend there. Las Vegas is the casino capital of the world and people the world over come here to gamble and win. While it is easy for American citizens to play in Las Vegas it is not so simple for international players. There is no escaping the IRS because it taxes 30% of the winnings of gamblers. Thanks to the US-Canadian tax treaty Canadians winning in Las Vegas can claim refund on their casino taxes. However, it is not easy to get the casino tax refund for Canadians when you are directly dealing with the IRS. You need a professional agency to handle this. Imagine this – you win $3,000 in a casino in Las Vegas and all you get from the casino is $2,100 because 30% of $3,000, i.e. $900 has been claimed by IRS as casino winning tax. You come back to Las Vegas and lose $1,000 and nothing happens. So, in effect, you end up losing $1,900 for your two trips to Las Vegas. Seems unfair, doesn’t it? However, rules governing casino tax refund for Canadians state that the tax should be applicable only on $2,000 ($3,000 winning - $1,000 loss) and a Canadian citizen should pay only $600 as tax. This refund of $300 in extra taxes can be processed when Form 1042S is filled. But there is so much complication in this process that for Canadians winning in Las Vegas it is impossible to get this done smoothly. If you are in a similar situation what you would need to do is let experts handle the case. They will do everything necessary and your tax refund will be processed within 12 to 18 weeks. The important part for Canadians winning in Las Vegas and looking at casino tax refund for Canadians is to find such en efficient agency. Believe me when I say that there are plenty of fake agencies out there that are simply looking to make you part with more money. What will happen in the end is you will end up paying more than what you get in refund. Hence, look for an agency that has a history in getting Canadians their tax refunds. There are some agencies that are really good and when you read their customer testimonials and online forums discussing them, you know that they are as food as they claim. Another indicator of a professional agency is the amount they charge in professional fees. Stay away from those agencies that are simply looking to rip you off and instead look for those agencies that charge a flat fee that remains constant. If you are one of the Canadians winning in Las Vegas then you have the right to get your casino tax refund for Canadians. Let IRS not bully you into not getting your dues. Seek professional help and that is all you need. Do you know that for Canadians winning in Las Vegas there is casino tax refund available? Professional agencies can process casino tax refund for Canadians easily and within a very short period of time.