If you’re Canadian and you go to the United States of America and you gamble in an American casino, the money you win should normally be yours and what you won is what you get. The American Internal Revenue Service however, take a certain percentage of the winnings and save it as taxes. The IRS usually taxes US citizens or people who are employed in America and are considered to be legal residents according to the money they made. This theoretically means that if you identify yourself as a Canadian citizen and you happen to gamble in a US casino, the IRS tax won’t be perceived in your case. The policy of US casinos is, however, to take a certain part of the winnings and save it for the IRS. The IRS tax Canadians have to pay though, can and will be given back in the form of a tax casino refund with the condition that the Canadian citizens apply for the refund with the IRS. |
Far from being a difficult financial institution, like many American would have us believe, the IRS is apparently very fair-play when it comes to tax refunds for taxes which haven’t been perceived fairly. If you’re Canadian and you’ve won big at the casino, all you need to do is go online and search for the forms which are necessary to apply for the US gambling tax refund and fill them in. While filling the forms isn’t a big hassle, waiting for the money can be one, as they can come back in a few weeks’ time. The IRS is very open when it comes to refunding taxes which were taken without the need to do so from either US citizens applying for a refund of the taxes, or foreign nationals who are not US citizens and they’ve paid taxes such as the casino tax.
Surprisingly, even though the IRS tax Canadians pay for casino winnings can be returned, just like the taxes of Americans who are citizens and have paid them without having to, very few people, especially US citizens, don’t apply for a tax refund or they don’t even know about it and they don’t seem to understand how you can get your money back even after it’s been taken by the Government, especially if it’s casino refund.
There are people in the United States however, who do apply for a tax refund every year, and the IRS is pretty much used to Americans filing their income taxes and applying for the refund in January and having to send the refund in a few weeks. The same thing pretty much happens when Canadians gamble in United States casinos and have their winnings diminished by a simple procedure which generally applies to the United States which states that the income has to be taxed immediately after being made and the taxes sent to the IRS. With a few forms completed on the internet and the proper information provided however, there’s no issue to be worried about when it comes to getting your taxes back and going home with the winnings.
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