Gambling Tax Recovery Services

Yaletown Accounting provides a withholding tax recovery service that specializes in U.S casino tax recovery for individuals who have had 30% of their winnings withheld by the IRS. We assist our clients in applying for their ITIN (Individual Taxpayer Identification Number), and filing their application for their casino tax refunds.

How it Works

1) Email us
2) Send us copies of your win slips and let us know about any win slips (1042-S) that you may have lost or misplaced. If you already have an ITIN, let us know too.
2) We will fill out the application forms on your behalf.
3) Wait for your refund to be sent directly from IRS!

Fees

Our fee for assisting with the preparation and submission of a W-7 ITIN application is $250. However, if we are also preparing and filing your U.S. tax return, the ITIN application fee is reduced to $125.

The fee for preparing a U.S. tax return is $250 per tax year, which includes the reporting of one Form 1042-S. Each additional Form 1042-S is subject to an additional charge of $25.

Frequently Asked Questions

Who’s eligible?

Any non-US resident having won taxable gaming income from specified gaming activity within the last three years.

What documents do I need?

A certified true copy of your passport in order to obtain an ITIN (Individual Taxpayer Identification Number).
Your 1042-S Forms, issued by the casino(s) when you won.

How long does it take to receive the refund?

If you’re applying for the ITIN, it takes approximately 6-8 weeks to be approved. Just after that we can check for refunds online, which can take around 4 weeks to have a cheque date.

How many years back can gambling tax refunds be recovered?

Before June 15th of each year, you can recover casino tax refunds for the current year and the previous 3 years. After June 15th you can recover the current tax year and the previous 2 years.

What games are not subject to the gambling winnings tax?

Winnings from blackjack, roulette, craps, Big-6 Wheel, and baccarat are exempt from the gambling winning tax. Therefore, you cannot deduct losses from these games from your winnings in taxable games.

How do I get paid?

Your refund will be in US dollars. Your cheque will be sent to your address directly from the IRS after you mail in the package we have prepared for you.

When can I start to recover my gambling taxes withheld by the IRS?

Since gambling winnings taxes are reported and filed once a year, you will need to wait until the 1st of January in the following year to receive your US gambling tax refund. You may still send us your documents for a casino tax refund in prior to the start of the year. The sooner we receive your information, the sooner we can submit your application. Then we are able to process your file as quickly as possible after the turn of the year.