| ns pay IRS Gambling Taxes | | | | is. The IRS is not known for its logic. Yet at the same |
| US casino jackpots are often subject to Internal | | | | time, they are in charge and everyone under them has |
| Revenue Service (IRS) taxes. The IRS gambling taxes | | | | to comply with their rules. |
| are imposed on certain gambling jackpots above a | | | | When Can I Receive A Casino Tax Refund? |
| certain amount. Canadian gamblers who win US | | | | As stated earlier, the IRS will refund gambling taxes for |
| jackpots are subject to IRS gambling taxes. US | | | | people who apply. Unfortunately applying for a casino |
| gamblers who have paid the IRS gambling taxes can | | | | tax refund from the IRS is a harrowing experience. |
| receive a casino tax refund on their yearly tax returns. | | | | The IRS is set up to deal with American taxpayers. |
| Although Canadians generally do not file US taxes, | | | | American taxpayers have a hard enough time with |
| they are still eligible for a us gambling refund. The IRS | | | | the IRS. Foreigners have it much worse. Foreigners, |
| will refund gambling taxes for Canadian gamblers. | | | | including Canadians may pay IRS gambling taxes, but |
| When Are IRS Gambling Taxes Levied? | | | | they are not automatically allowed to file a US federal |
| The IRS gambling taxes are imposed on certain | | | | tax return. Yet a US tax return is automatically |
| gambling games when their jackpots exceed a certain | | | | required before a casino tax refund can be issued. |
| threshold amount. The IRS gambling taxes are set at a | | | | See the dilemma? |
| flat 30% of the jackpot. The IRS gambling taxes rate | | | | Certifying Acceptance Agents And The Casino Tax |
| of 30% is close to the top marginal tax rates of the | | | | Refund |
| IRS. For slot machine jackpots, the gambling tax | | | | Because so many Canadians and other non-residents |
| threshold is set at $1200. For slot machine jackpots | | | | of the US have had problems obtaining a casino tax |
| below $1200, there are no IRS gambling taxes. For slot | | | | refund from the IRS, the United States government |
| machine jackpots of $1200 and above, the 30% | | | | has licensed a number of certifying acceptance |
| gambling taxes are levied on the entire sum. Bingo | | | | agents to work on behalf of Canadians and other |
| jackpots also have the $1200 threshold, but keno | | | | non-residents to obtain a US gambling refund. |
| jackpots have a $1200 threshold. Whenever a jackpot | | | | Certifying acceptance agents have been verified to |
| hits the minimum IRS casino tax threshold, the casino | | | | have the highest professional standards and |
| attendant will require the jackpot winner’s ID | | | | knowledge, and will obtain the largest, most thorough, |
| before paying him/her. The amount of the IRS | | | | and most timely US gambling refund for their client. The |
| gambling taxes is deducted at the casino. The casino | | | | certifying acceptance agent will first apply for an |
| will NOT refund gambling taxes to gamblers. An | | | | Individual Taxpayer Identity Number (ITIN), then apply |
| application to refund gambling taxes from the IRS will | | | | for a casino tax refund on behalf of the client. |
| have to be made later. Does this sound complicated? It | | | | |