Process to get casino rebate on your tax in Vegas
Who said that the indovegas are heartless? Who said that they don’t want you to win? They want you to win indeed so that you come back for more. However, you are bound to be frustrated and feel cheated when the gambling house in Vegas decides to withhold 30 percent of your winnings as tax in Vegas. And this too when you are an international citizen. You may not want to come back again. But hold on. The gambling house is bound by the law of the land to impose the tax. The good news is that you can get a casino rebate on the tax imposed. Let us see how.
Who said that the casinos are heartless? Who said that they don’t want you to win? They want you to win indeed so that you come back for more. However, you are bound to be frustrated and feel cheated when the gambling house in Vegas decides to withhold 30 percent of your winnings as tax in Vegas. And this too when you are an international citizen. You may not want to come back again. But hold on. The gambling house is bound by the law of the land to impose the tax. The good news is that you can get a casino rebate on the tax imposed. Let us see how.
When a tax in Vegas is imposed on your gambling winnings, the gambling house gives you a winning slip and a duly filled Form 1042-S. You are supposed to deposit these documents to the IRS to let it know that you have already paid your tax to the casino and need not be taxed again. If you were a non-US citizen when you won the money, then the IRS also mandates that you are eligible for a casino rebate on your winnings. Since you will be paying tax to your own government, the IRS does not want to tax you doubly.
After you deposit the documents with the IRS, you need to wait for the casino rebate amount to come in. if you already have an ITIN number, you will get the refund in approximately eight weeks. If you don’t have an ITIN number, you will need to apply for one. The refund on the tax in Vegas will now take about 12 to 18 weeks to get processed. All this is possible only if your winnings have been within the past three years and not before that. And of course, you were a non-US citizen when you won the amount.
