| Obtaining A US Gambling Refund Just Became Easier | | | | estate. Casinos are required by law to issue Form |
| If you are a Canadian and gamble in the United States, | | | | 1042-S to Canadian gamblers whose US jackpots |
| you may end up inadvertently and unnecessarily | | | | exceed a certain monetary value. |
| paying US gambling taxes. The United States taxes | | | | Seeking Refund Management Services |
| gambling wins at close to its highest marginal tax | | | | The United States government has licensed a small |
| rates. Unfortunately the vast majority of both US | | | | number of professional firms to act on behalf of |
| and Canadian accounting and law firms are unsure of | | | | Canadian clients. This entity is known as a "Certifying |
| the methods to obtain a US gambling refund. | | | | Acceptance Agent", and act as a Canadian IRS tax |
| What Is A Form 1042-S? | | | | preparer. Apart from being licensed by the US, the |
| If you are a Canadian gambler and you were issued | | | | Canadian IRS tax preparer (Certifying Acceptance |
| an IRS Form 1042-S, it means the IRS has taken 30% | | | | Agent) is well versed in US tax laws and has the |
| from your original gambling jackpot, and you are eligible | | | | ability to obtain a US gambling refund from the Internal |
| for a US gambling refund. Form 1042-S is issued by | | | | Revenue Service. Navigating the various IRS codes |
| the US Internal Revenue Service to U.S. non residents | | | | and forms is a daunting task, luckily a Canadian IRS |
| when they are subject to 30% withholding tax. | | | | tax preparer can do the job. |
| Sometimes Form 1042-S is issued for rental income, | | | | How Are Canadians Eligible for a US Gambling Tax |
| as many Canadians have invested in American real | | | | Refund? |