Are you a Canadian gambler? Are you a Canadian gambler who likes to gamble at US casinos? A lot of Canadian gamblers love to patronize American casinos. However, you must keep in mind that you end up taking home 30 percent less than what you won in the casino. It is mandated by the IRS that Canadian visitors must pay a tax of 30% on their winnings. However, there are companies that can help you in US tax recovery for casino winnings. The Casino jackpot taxes are heavy, yet educated gamblers can obtain a refund of the US gambling tax.Thanks to the Canada US tax treaty, Canadian gamblers are technically afforded the same rights as American gamblers. Thus if American gamblers are hit with the casino jackpot taxes, yet can claim a US tax recovery, Canadian gamblers who have been assessed the same taxes can also claim a US tax recovery.Domestic American gamblers generally obtain a refund of the US gambling tax through their federal tax returns. The IRS tax laws stipulate that casino jackpot taxes can be reduced by the gambler’s corresponding gambling losses. In other words, people who have paid casino jackpot taxes AND have lost any amount of money at a US-based casino can get an IRS tax recovery. The amount of the recovered gambling taxes is dependent on the amount of casino jackpot taxes vis-a-vis the corresponding casino losses. If the casino losses are smaller than the gambling wins, a partial refund of gambling tax will be issued. If the casino losses are as large as or larger than the gambling wins, a complete refund of the US gambling tax will be given.It has been smooth sailing so far. You may wonder; if Americans can file for a US tax recovery for casino winnings, I can do it as well. Unfortunately recovering US gambling taxes Canadians isn’t as simple as the corresponding IRS tax recovery for American gamblers. Canadians generally aren’t allowed to file US tax returns. The vast, vast majority of accountants on both sides of the border will be befuddled if you, as a Canadian, request an IRS federal tax return. You could explain that you ultimately want a legally available IRS tax recovery. But the accountant/bookkeeper/etc. will be even more befuddled. Asking the IRS directly for help with a US gambling tax claim is not any better. The IRS is notoriously difficult and bureaucratic, even for Americans. Why would the IRS have any incentive to help a non-American pursue a refund of the US gambling tax? Canadian gamblers who have attempted to obtain a US tax recovery by themselves have often been asked to travel to the United States again, or send in their original passports in order to verify their identities. After all that, there is no guarantee of any successful refund of the US gambling tax.In response to complaints, the US government has licensed a select number of professional firms to act as certifying acceptance agents.
There are many online casinos out there, some are scams and some are very reputable. Playing in an online casino has many advantages over a real life casino:• Play anytime of the day without leaving your home.• Stay anonymous. There is still a stigma attached to gambling. Gambling online allows you to stay clear of being stigmatized.To ensure you have peace of mind you need to look at a few things before creating your account and entering your preferred choice.• If an online casino is reputable you will find independent reviews about it. By its very nature it has a global reach. As such you will find people talking and writing about it. An independent review is a great way to find out which online casinos are on the level.• Legal and reputable online casinos are governed and regulated. This means you will find they are licensed and in most cases they will display their licenses on their websites.• Customer Support is another issue. A good one should offer a 24 hour customer support service 7 days a week. Customer Support Services will be able to answer all your questions relating to their casino.• Fair play also makes up an important part of a reputable online casino. Well-known gaming software is important in ensuring that this is the case. Microgaming is a very well-known gaming platform used by reputable and fair casinos.• If you decide to deposit money into your account you will want to know that your credit card details are safe and secure. Payment and banking options should be a safe and secure facility. See what your chosen casino has to offer in this regard.Now that you have chosen your casino and have peace of mind about them, you want to win something. How do you do that? Well, the simple answer is that there is no strategy to do this. The basic principles of gambling still apply: the house always wins.Online gambling is a billion dollar industry and competition between these guys is fierce. This benefits you. Each casino deploys a different strategy to attract new customers and retain old ones. Some of them offer an hour of free play. They will offer you an amount of money to play with for an hour. Whatever you win during that time is the amount of money you can take into the casino to gamble with. This means that you don’t risk your own money and have every chance to gain some. Others offer sign up bonuses. Basically they match whatever you decide to deposit. That is free money! Still others offer welcome bonuses and free give-aways.Gambling online should not be seen as a way to make money, but rather as a fun time to enjoy oneself. In the process of doing so you might get lucky and make some extra money. Remember, gambling online, like in real life casinos, is no guarantee that you will win and make money.