Toronto, Canada, September 17, 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 reacting to the grand opening of the new Wild Rose Casino and Resort in Jefferson, Iowa.
After a soft-opening, the Wild Rose Casino and Resort in Jefferson, Iowa officially opened its doors on Friday, August 7. The 18,000-square-foot casino is located on Highway 30, an hour north west of Des Moines and two-and-a-half hours east of Sioux City. The new Wild Rose Casino floor covers 18,000 square feet and features 536 slot machines and 14 table games. Located next to the casino is the Cobblestone Hotel & Suites, with 73 guest rooms and an indoor pool. (Source: “Wild Rose Casino & Resort,” Wild Rose Casino & Resort web site; http://jefferson.wildroseresorts.com/, last accessed August 7, 2015.)
“The Wild Rose and Resort is the 19th commercial casino to open its doors since Iowa first legalized casinos in 1989. The tenth largest state for gambling in the U.S. based on revenue, gamers spent approximately $1.4 billion in Iowa casinos in 2013,” says Brooke Sacks, Vice President of Marketing and Business Development, at Refund Management Services. “However, Canadians and other non-U.S. tourists thinking of visiting the great state of Iowa need to understand that if they win more than $1,200 gaming or gambling, their winnings could be subject to a 30% withholding tax.” (Source: “Biggest Spenders in Casinos: States,” Bloomberg.com; http://www.bloomberg.com/visual-data/best-and-worst/biggest-spenders-in-casinos-states, last accessed August 7, 2015.)
In the United States, significant winnings, typically over $1,200, from slots, Keno, poker, bingo, and pari mutuel are considered income and subject to a 30% withholding tax by the IRS. These rules apply for the vast majority of non-U.S. visitors to the United States, including those from Australia, Canada, China, Mexico, India, New Zealand, Saudi Arabia, and Thailand.
“There is a way for non-U.S. residents to recoup some or all of the 30% of their gambling winnings withheld by IRS. As registered agents of the IRS, the Canadian Chartered Accountants at Refund Management Services have helped thousands of people successfully file their U.S. casino tax refunds and recoup their winnings since 1998,” Sacks concludes.
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 three 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 and is a member of the Better Business Bureau and the Las Vegas Chamber of Commerce. To find out how Refund Management Services can help with U.S. gambling tax recovery, visit www.RefundManagement.com. Contact Refund Management Services toll-free from the United States and Canada at 1-888-272-5559 or e-mail RMS at [email protected]