US Tax Recovery on Your Casino Taxes


Are you a Canadian gambler? Are you a Canadian gambler who likes to gamble at US casinos? A lot of Canadian gamblers love to patronize American casinos. However, you must keep in mind that you end up taking home 30 percent less than what you won in the casino. It is mandated by the IRS that Canadian visitors must pay a tax of 30% on their winnings. However, there are companies that can help you in US tax recovery for casino winnings. The Casino jackpot taxes are heavy, yet educated gamblers can obtain a refund of the US gambling tax.

Thanks to the Canada US tax treaty, Canadian gamblers are technically afforded the same rights as American gamblers. Thus if American gamblers are hit with the casino jackpot taxes, yet can claim a US tax recovery, Canadian gamblers who have been assessed the same taxes can also claim a US tax recovery.

Domestic American gamblers generally obtain a refund of the US gambling tax through their federal tax returns. The IRS tax laws stipulate that casino jackpot taxes can be reduced by the gambler’s corresponding gambling losses. In other words, people who have paid casino jackpot taxes AND have lost any amount of money at a US-based casino can get an IRS tax recovery. The amount of the recovered gambling taxes is dependent on the amount of casino jackpot taxes vis-a-vis the corresponding casino losses. If the casino losses are smaller than the gambling wins, a partial refund of gambling tax will be issued. If the casino losses are as large as or larger than the gambling wins, a complete refund of the US gambling tax will be given.

It has been smooth sailing so far. You may wonder; if Americans can file for a US tax recovery for casino winnings, I can do it as well. Unfortunately recovering US gambling taxes Canadians isn’t as simple as the corresponding IRS tax recovery for American gamblers. Canadians generally aren’t allowed to file US tax returns. The vast, vast majority of accountants on both sides of the border will be befuddled if you, as a Canadian, request an IRS federal tax return. You could explain that you ultimately want a legally available IRS tax recovery. But the accountant/bookkeeper/etc. will be even more befuddled. Asking the IRS directly for help with a US gambling tax claim is not any better. The IRS is notoriously difficult and bureaucratic, even for Americans. Why would the IRS have any incentive to help a non-American pursue a refund of the US gambling tax? Canadian gamblers who have attempted to obtain a US tax recovery by themselves have often been asked to travel to the United States again, or send in their original passports in order to verify their identities. After all that, there is no guarantee of any successful refund of the US gambling tax.

In response to complaints, the US government has licensed a select number of professional firms to act as certifying acceptance agents.

Certifying acceptance agents are verified to have the utmost in professional knowledge and responsibility and can obtain the largest, most thorough, and most timely refund of the US gambling tax. Using a certifying acceptance agent is greatly recommended and allows the Canadian gamblers to enjoy more of their casino winnings, without having to deal with the IRS themselves.

Firms specializing in IRS tax recovery will make things much easier for Canadian gamblers. US Gambling Refund is just such a firm and has delivered an IRS tax recovery success rate of 100% on all eligible claims. The IRS is intimidating and very difficult to navigate. When a gambler goes obtains a casino tax refund via a professional firm, the gambler has more time to enjoy other activities, and is guaranteed to enjoy the largest, most thorough gambling tax refund.

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

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