• Last Updated:
  • Oct 3rd, 2014 7:00 pm
Tags:
None
[OP]
Newbie
Feb 21, 2007
44 posts

US casino tax rebate

Can anyone recommend a US tax recovery company. I won 6000 last week at a US casino and they withheld 1800. I was told at the casino Canadians can apply and get it back. There are several companies advertising on the internet and not sure which one to use. I don't know anyone who has used one before. Any help would be appreciated.
13 replies
Sr. Member
Apr 28, 2014
675 posts
175 upvotes
Oakville, ON
mag wrote:
Oct 2nd, 2014 8:17 pm
Can anyone recommend a US tax recovery company. I won 6000 last week at a US casino and they withheld 1800. I was told at the casino Canadians can apply and get it back. There are several companies advertising on the internet and not sure which one to use. I don't know anyone who has used one before. Any help would be appreciated.
The only company I know of is Refund Management Services, as I remember seeing their ads on CP24 all the time. I've never used them.

http://www.refundmanagement.com

According to their FAQ, due to IRS rules any tax withheld in the current year cannot be claimed for refund until the beginning of the following taxation year. They also say it takes 12 - 15 weeks to receive your refund.

So in that case, assuming you submitted your claim on January 2, 2015, you would be deprived of that $1800 until at least April 2015

Of course, they have to be paid for their work and it would be coming out of that $1800. I don't see where they list their fees on their website.
Sr. Member
Dec 22, 2013
930 posts
216 upvotes
EDMONTON
Did you have any other losses at casinos? You're subject to 30% US tax on net earnings from gambling, so if you had other losses exceeding 6000 you'll get your money back if you file a 2014 tax return.
Deal Addict
Apr 12, 2005
1425 posts
177 upvotes
tsimpson76 wrote:
Oct 2nd, 2014 11:25 pm
Did you have any other losses at casinos? You're subject to 30% US tax on net earnings from gambling, so if you had other losses exceeding 6000 you'll get your money back if you file a 2014 tax return.
casino or lottery winnings are tax free in Canada. You can not claim casino or lottery losses in Canada. What kind of money can you get back from your tax return?
Jr. Member
Apr 1, 2009
115 posts
27 upvotes
That website is helpful, it specifically lists baccarat, blackjack, craps, etc.

Does anyone know the procedure for Poker winnings? How much is withheld. Are these amounts not recoverable unless you have losses, what would happen if for example you played only one event all year and won money had some withheld, can you get any of that back?
Sr. Member
Dec 22, 2013
930 posts
216 upvotes
EDMONTON
a_1_a wrote:
Oct 3rd, 2014 12:35 am
casino or lottery winnings are tax free in Canada. You can not claim casino or lottery losses in Canada. What kind of money can you get back from your tax return?
We're talking about US gambling and US tax here. You don't do anything in Canada.

For the US you file a 1040NR, and you would get back whatever tax was withheld less 30% of net earnings. Read the link someone posted above, its helpful.
Deal Addict
Apr 12, 2005
1425 posts
177 upvotes
tsimpson76 wrote:
Oct 3rd, 2014 10:01 am
We're talking about US gambling and US tax here. You don't do anything in Canada.

For the US you file a 1040NR, and you would get back whatever tax was withheld less 30% of net earnings. Read the link someone posted above, its helpful.
You said 'so if you had other losses exceeding 6000 you'll get your money back if you file a 2014 tax return.'. Is US or Canadian tax return?
Deal Addict
Oct 4, 2009
2501 posts
1292 upvotes
Montreal
Clarky wrote:
Oct 3rd, 2014 9:35 am
That website is helpful, it specifically lists baccarat, blackjack, craps, etc.

Does anyone know the procedure for Poker winnings? How much is withheld. Are these amounts not recoverable unless you have losses, what would happen if for example you played only one event all year and won money had some withheld, can you get any of that back?
Nope. You can only reclaim withholding up to your losses in the same tax year. Lousy system for foreigners, best to avoid any games/tourneys that can lead to withholding.
Deal Addict
Oct 4, 2009
2501 posts
1292 upvotes
Montreal
Scott M. wrote:
Oct 3rd, 2014 6:05 pm
How are you expected to prove your losses?
That would depend on the player's circumstances. A poker tournament player should have receipts of entry fees. A slots/VP player using a loyalty card will have a W/L record which the casino should be able to provide.

Generally though the IRS wants a detailed logbook of each playing session including start and end times, table or machine number, detailed results, etc. Most recreational gamblers are not going to have anything like that.

Dealing with the IRS is one of life's great joys, just getting an ITIN number can be quite the experience. :cry:
Sr. Member
Dec 22, 2013
930 posts
216 upvotes
EDMONTON
a_1_a wrote:
Oct 3rd, 2014 12:04 pm
you said 'so if you had other losses exceeding 6000 you'll get your money back if you file a 2014 tax return.'. Is us or canadian tax return?
us
Sr. Member
Dec 22, 2013
930 posts
216 upvotes
EDMONTON
Scott M. wrote:
Oct 3rd, 2014 6:05 pm
How are you expected to prove your losses?
A lot of casino's issue player cards that you use when playing games. Then they issue you a win/loss statement at the end of the year so you can use it when filing a tax return.

Top