Record 40 Million Visited Las Vegas in 2014
Numbers don’t lie: a record number of people visited Las Vegas this year. In fact, on Wednesday, December 17, 2014, the city welcomed its 40 millionth visitor —— and that number includes overnight stays, not just day-trippers. Tourism plays an important role in the Las Vegas Valley and Nevada, supporting 376,000 local jobs and generating more than $45.0 billion annually.
The last time Las Vegas recorded an annual tourism record was in 2010, when 39,727,000 people visited “Sin City.” According to the Las Vegas Convention and Visitors Authority, direct air service between Canada and Las Vegas was instrumental to visitation growth.
And thanks to an improving global economy, international visitors into the United States are putting international tourism on track for a record year. From January to September, the number of visitors arriving in the U.S. increased seven percent year-over-year to 56.4 million. And during the month of September, two markets posted double-digit increases in visitation: China with 20% and Brazil with 17%.
What You Win in Vegas Stays in Vegas?
Many visitors take the old advertising slogan of, “What happens in Vegas, stays in Vegas,” to heart; the IRS certainly does. If you’re one of those Canadians making Las Vegas one of the top vacation destinations in America, or are from Brazil, China, or any of a number of other countries, it’s important to remember that you are taxed 30% of your winnings.
That means that if you win $5,000 at the slots, the casino will only give you $3,500, while the IRS keeps the rest.
In fact, it’s not just visitors from Canada, Brazil, and China that have 30% of their winnings withheld by the IRS. Visitors to the U.S. from the following countries will have their gaming winnings subject to a 30% withholding tax to the IRS:
This list of countries also includes Argentina, Australia, Bahrain, Barbados, Belize, Chile, Columbia, Costa Rica, India, Indonesia, Israel, Kuwait, Mexico, Malaysia, Monaco, New Zealand, Norway, Saudi Arabia, Singapore, South Korea, Switzerland, Taiwan, Thailand, and the United Arab Emirates.
RMS is the Best and Easiest Way to Get Your Withholding Tax Back
There is a way to reclaim some or all of the 30% withheld, but it entails dealing directly with the IRS. And they do not make it easy; in fact, the process can be quite daunting.
As the number one choice of Canada’s biggest winners for gaming and casino tax refunds, Refund Management Services (RMS) has successfully completed the most U.S. gambling tax refunds for Canadians since 1998.
Founded, owned, and operated by a Canadian Chartered Accountant, Refund Management Services is a certified agent of the IRS for filing gaming winnings applications. The professionals at RMS will help you recover all or a portion of your taxes up to three years after your win.
With the expertise in gaming-related tax laws, RMS understands all the IRS requirements to ensure that any entitled refund is successfully recovered. Our track record speaks for itself: RMS has NEVER BEEN REFUSED AN ELIGIBLE REFUND.
If your U.S. gaming winnings have been subject to the 30% withholding tax, call the experts at Refund Management Services. With just a five-minute phone call, we’ll explain how RMS can help you get a portion or all of your gaming tax refund back. And in some cases, we can get your withheld winnings returned in as little as six to nine weeks.
To talk to a gambling tax refund expert at RMS, call toll-free from the United States or Canada at 1-888-272-5559 or e-mail us at [email protected].
If you visited Las Vegas and had 30% of your winnings withheld by the IRS, contact us now and a Refund Management Services agent will walk you through the simple application process. RMS only gets paid for successful gambling tax refunds, so there is no risk.
Refund Management Services is located in Toronto, Ontario, with offices in Vancouver, British Columbia, and Las Vegas, Nevada. RMS is a member of the Better Business Bureau and the Las Vegas Metro Chamber of Commerce.
“Las Vegas breaks own record with 40 million visitors,” Las Vegas Sun, December 17, 2014; www.lasvegassun.com/news/2014/dec/17/las-vegas-breaks-own-record-40-million-visitors/.
Shankman, S., “The U.S. Is on Track to See Record-Breaking Visitor Numbers in 2014,” Skift.com, December 16, 2014; http://www.skift.com/2014/12/16/the-u-s-is-on-track-to-see-record-breaking-visitor-numbers-in-2014/.