Toronto, Canada – October 8, 2015 – Refund Management Services (www.RefundManagement.com), the number one choice for Canada’s biggest winners for U.S. gaming and casino tax refunds, is releasing its comments on Canadian Pamela Wilson winning the 2015 Midwest Poker Classic Main Event at Ho-Chunk Gaming Wisconsin Dells. The company is also weighing in on international gaming tax exemption laws and reminding Canadians that their poker winnings are subject to a 30% withholding tax.
“The PPC Poker Tour was held in Wisconsin for the first time this year, with the 2015 Midwest Poker Classic Main Event, held August 7-9 at Ho-Chunk Gaming. The $350.00 buy-in plus $50,000 guaranteed Main Event attracted 333 entrants, creating a prize pool of $85,248,” says Brooke Sacks, Vice President of Marketing & Business Development at Refund Management Services. “Pamela Wilson, a 46-year-old Canadian poker player, emerged as the champion, winning $17,902 and a $5,000 package to Aruba.” (Source: ppcpokertour.com, blog, “Midwest Poker Classic Main Event Recap,” August 10, 2015; http://blog.ppcpokertour.com/?author=9.)
However, Wilson will be subject to tax on her winnings. Sacks explains that winnings from playing poker, collected by non-residents playing in the U.S., could be considered income by the IRS and subject to a 30% withholding tax. But it depends on the players’ country of origin. Only a small number of countries have signed a tax treaty with the U.S., which includes Canada. If the player resides in a country that has not signed a tax treaty with the U.S., 30% of their winnings will also be withheld. Some of the countries that have not signed a treaty include: Australia, China, India, Mexico, New Zealand, Saudi Arabia, and Thailand.
According to Sacks, while there is a way for Canadians or any non-U.S. resident to get some or all of the 30% withholding tax back, it means having to deal with the IRS. But IRS tax refund regulations and forms are both difficult and confusing. Refund Management Services, on the other hand, has successfully completed the most U.S. gaming tax refunds and other non-U.S. residents since 1998.
“Refund Management Services is Canada’s most reliable and experienced gaming, casino, and poker refund provers,” Sacks concludes. The company has CA designation and is a certified agent of the IRS. On top of that, Refund Management Services has never been refused an eligible refund.
To find out how Refund Management Services can help with U.S. gambling tax recovery, visit www.RefundManagement.com.
Founded and owned by a Canadian Chartered Accountant, Refund Management Services is the most reputable casino and gaming tax recovery service in the industry. As registered agents of the IRS, Refund Management Services (RMS) helps Canadians and other non-U.S. residents recover all or a portion of their taxes up to 3 years after their winnings have been withheld. With the expertise in gaming-related tax laws, RMS understands all the IRS requirements to ensure that any entitled refund is successfully recovered. RMS only gets paid for successful gambling tax refunds. RMS is a member of the Better Business Bureau and the Las Vegas Chamber of Commerce.
Contact Refund Management Services toll free from the United States and Canada at 1-888-272-5559. Or e-mail RMS: [email protected]