Did you know that all Las Vegas gambling winnings can be taxed heavily if you are not an American? The Internal Revenue Service (also known as the IRS) will apply a 30% withholding tax at the site. Yes, that's pretty hefty. But don't worry, you can reclaim in all back.
You can get the forms you need from the casino. One will be a statement of what you won, and the other will be a blank form use to report any sort of foreign earnings, including traditional income. That's why you're taxed. Technically, your gambling winnings are considered income and you're basically paying income tax.
You fill out the second form, and include along with your regular annual income tax filing. The forms have all the instructions on them. So have no fear about losing your windfall. You just might have to wait to get a chunk of it back.
Gambling Tax Travel Tips for Las Vegas
Paying Gambling Tax
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- Posted by
- tpaajanen on 07/26/2009
- Tags:
- gambling, withholding tax, irs, las vegas, foreigner, income, gambling tax
- Location:
- Las Vegas,
- United States
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