Casino Reviews

If you have not already requested your win loss statement, it is time to do so. Order your Beau Rivage Casino Biloxi Win Loss statements now so that you can make a claim and get some of your money back or even better avoid paying tax on the money you won over $1200. For those readers who might not be aware, all jackpots $1200 and up must claim these wins on your income tax when you file it. If you happened to be Canadian or from some other country they will take 30% up front and it is up to you to make a claim and get your money back. Call your slot host and ask for a win / loss statement today.

Beau Rivage Casino Biloxi Win Loss Statements – IRS

The IRS wants it’s tax money on your taxable winnings even though your home country does not charge taxes on winnings e.g. Canada. You will have to obtain an IRS ITIN number and file an IRS income tax form if you are a foreigner. Eveyone will need a win loss statement from each casino that you gamble at in order to get some of your money back.

The only way you can do this is if you are using a slot card whenever you are playing. This is how the casino knows how much you play, calculates comp’s and can produce a win loss statement. If you do not use a slot card, then there is no win loss statement and no claim to reduce your taxes owing regardless if you are an American or a foreigner.

For more information on this subject, check some of other posts about this subject.

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