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Making Sure You Understand Your Gambling Tax Losses

People from other countries and Canadians like to gamble in the US and many of these folks think that the 30% that’s held back from the IRS on gambling winnings is something they just have to put up with. That’s not the case.

You have some responsibilities even when you’re enjoying an excellent gambling location like Bailey’s in Atlantic City that will help you to get a refund. Of course the amenities that you will find that make this place exceptional are a southern walkway that leads directly to the Wild Wild West Casino and it’s northern companion that ends at the Claridge hotel. It’s all too easy to get caught up in the excitement of a first-class casino like this but you need to be aware of your responsibilities when it comes to gambling losses tax deductible requirements.

For example, the IRS will want their fair share and they don’t like giving up any kind of refund, but they will if you have the proper documentation which includes receipts.

You can get in touch with us at any time and we will be only too happy to answer any of your questions and help you get back the money you deserve.

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