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Taxes gambling winnings

Taxes gambling winnings online casinos craps

Foreign nationals with US gambling winnings by accident face a different story.

I will appreciate if you can clarify whether I can claim this money back. Before embarking on your Vegas trip seeking riches, make sure you understand the tax law as it relates to gambling to avoid a mess with the IRS down the road. Las Vegas is one of the favorite destinations of foreign casino in colorado visiting the USA. Did you get a WG-2? Long form people get a break here.

And it doesn't matter how much you win either -- you're technically required to report all of your gambling winnings and pay taxes accordingly. Travel to Vegas and try to win big at the casino; but before you do, make sure you understand the tax laws that govern gambling winnings. Hitting it big in vegans can be great, but the IRS will have a say in how much money you take home. Learn more about gambling taxes at HowStuffWorks.

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