How it works...
The IRS requires that casinos and other gaming establishments withhold 30% of the gambling winnings of International visitors. However, due to the U.S.A. Canada Tax Treaty, Canadians can offset wagering losses against the wagering winnings reported on form 1042-S. and get some or all of the withholding tax back! Non U.S.A. citizens that are residents of certain other countries may also qualify for a refund of the 30% withholding. Please contact us to determine your eligibility.
We can also help you in getting you an Individual Taxpayer Identification Number and recover your taxes fast. Simple, easy and risk free! If you don't get your refund cheque we don't charge a fee.
OUR FEE
Our basic fee includes recovering your federal tax on gambling winnings per calendar year (i.e. 2005 would be a separate charge from 2004) and one 1042-s(winning slip).
$150.00* plus $20.00 per 1042-s slip (1st 1042-s slip is free)
If you do not already have an Individual Taxpayer Identification Number from the U.S.A. there is a one-time fee for obtaining this number on your behalf.
$50.00*
Some States (i.e. New Jersey and California) also deduct State tax on gambling winnings. Most States allow the recovery of these taxes also. Our fee includes recovering your State tax on gambling winnings per calendar year.
$100.00* per State
· Plus GST
**All fees are in Canadian dollars. You will receive a written quotation of your fee and guarantee once we receive your application.
