Casino Tax Refund

taxA win in the lotteries, casinos, gaming tournaments, horse and dog racing, game shows, keno and other wins in the USA can make you ecstatic but usually this feeling is dampened by the IRS. Whatever you win is subject to casino tax and the IRS withholds 30% of it. This at times could prove to be very expensive. One could be even compelled to think of the IRS to be taking what lady luck has blessed with. During these times of recession and reduction of wages 30% of the win means a lot of money.

There are people who do not know that 30% of the wining sum withheld by the IRS as casino withholding tax can be claimed back; one just needs to comply with the legal formalities stipulated by the law. If you are ignorant about this casino tax rebate clause it is neither the fault of the judiciary nor the IRS. It is your ignorance that is responsible for the financial loss.

One need not worry about the 30% of the win just because there are firms that can get one the whole or at least a part of the money that is with held by the IRS. One can claim the casino rebate within 3 years from the date of winning the amount. So if you have won the money within the last 3 years you can claim the refund from the IRS.

There are companies that offer professional assistance to avail the casino tax refund. One needs to first check the authenticity and genuineness of the company offering these services. There are transparent companies that reveal all the ins and outs of this service on their websites. One should study this information in detail and then avail the services. The quality of the service and the service charges levied by the companies are also of prime importance.

A simple click on the websites of these companies makes you go through a series of simple steps and brings your money back from the jaws of the IRS. A bit of market research and chatting with your friends can reveal that there are many trustworthy companies that can help you at casino tax rebate.

There are companies that will help you at casino tax refund even if you have won in the games in other countries too. The list of countries, that allow casino tax rebate refund on the money won, include France, Italy, Hungary, Japan, Ireland, Austria, United Kingdom, Czech Republic, Denmark, Finland, Russian Federation, Spain, Slovak Republic, Slovenia, South Africa, Tunisia, Lithuania, Luxembourg, Netherlands, Latvia, Sweden, Turkey, Germany, and Ukraine.

December 5, 2013: posted in Taxes And IRS No Comments

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