Are you a Canadian or a foreigner from another place that’s planning on gambling down in the United States? Don’t forget to pack this information to lessen the income tax on gambling winnings you’ll need to pay.
Start by knowing how to prepare yourself so when you get back home you’ll have the necessary documentation ready to go. Remember a good tax refund company can get you a refund in American dollars in as little as 12 to 15 days, but you need to do a little preparation work yourself. The income tax on gambling winnings can be as high as 30% so you need to start by keeping good records of all your winnings and losses.
You’re eligible if you’re not a U.S. resident and you need to remember there’s a three year filing rule that applies. You can start looking online for a suitable company as soon as you get home and finding one that has the experience of a chartered accountant on hand should put you at ease.
Take a moment to see if the company you’re looking at can not only get you a good refund on the income tax on gambling winnings, but is active in their community as well.