Cross Border Tax Q&A

Gambling US Tax Refund for Canadian

December 12, 2010

3271

I have helped hundreds of people successfully navigate from the US to Canada. If you're thinking of moving or retiring to Canada contact me today to chat about your plans.

I can be reached via email at phil@philhogan.com, by phone at 250-661-9417 or through my contact page here.

I look forward to speaking to you soon.

Phil Hogan, CPA, CA, CPA (CO)
Cross-Border Tax and Investment Specialist

Question

Hello Phil,

I recently came back from a trip to Las Vegas where I won over $20,000 in winning on a slot machine (crazy since I never really gamble). The casino withheld 30% of my winnings and gave me a 1042-s form. I heard you can help me recover some of this gambling tax.

What do I need to send you?

Thanks

XXXXXXX

Answer

Hi XXXXXXX

Yes, it’s possible that I can get you a partial refund of your casino tax withholdings. If you have any gambling losses that you incurred in 2010 you will be able to use these losses to reduce your $20,000 winnings. In order to use these losses you’ll have to have some record keeping or receipts to substantiate the losses.

Once we compile all the required information we can file a W-7 request for an ITIN and a 1040NR. In most cases the amount of tax you pay by filing the 1040NR will be less than the original 30% withholdings, hence the gambling tax refund.

You can read more about the process on our gambling tax refund page.

Give me a call at 250-661-9417 and we can discuss further.

Regards

Phil

Regards

Phil

Phil Hogan, CA
250-661-9417

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