A beat and a brag
Cliffs: 'in b4 don't play mtt's at Seneca Niagara'
Brag; came 2nd in a rather small $100 daily donkament for $900US.
Beat; Seneca withholds on any cash amount in their mtt's even under $5kUS net.
Variance; ???
I had $300 withheld. Never had monies held before. What's my play? Too small of an amount to try and claim?
They did give me a RMS brochure with a tax slip with my winnings.
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Brag; came 2nd in a rather small $100 daily donkament for $900US.
Beat; Seneca withholds on any cash amount in their mtt's even under $5kUS net.
Variance; ???
I had $300 withheld. Never had monies held before. What's my play? Too small of an amount to try and claim?
They did give me a RMS brochure with a tax slip with my winnings.
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I guess seeking advice from anyone who's used this or a similar service before.
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I didn't bother to try to claim when Seneca taxed me 30% for a satellite piece of paper.
I was charged U$150 + 13% HST for my WSOP refund, and you will need to apply for an ITIN with your passport, which most companies charge extra for.
I thought I read somewhere that they take 25%. I wouldn't mind having to give up $75 and receive the rest back.
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Lesson learned from this BBV: cash in all the tax-free Casino Rama and seven WPT events in Canada this year, instead of 30%-taxed US.
All the Indian casinos in the Eastern US (Seneca, Foxwoods, Turning Stone) withhold 30% on any winning.
Did you round? If you won $900 they should of withheld $270 and paid out $630 and given you a 1042-S tax slip with the amounts.
For me I did everything myself as you can go to irs.gov and print of form W7 to apply for the ITIN and form 2017 1040-NR to file your tax claim. The guides are there too and if you have ever filed your own taxes it is straight forward.
Hold on to any receipts you get from playing in the US in 2017 as you will need to have documented losses = $900 to get the full 30% back.
You will also need to go to the passport office and get a certified true copy of your passport to include with the W7. There is a fee for this of approx $25 as well.
Bottom line is it is a lot of effort the first time and likely not worth it for $270 but once you have the ITIN in future years you just need to file the tax return at the end of the year.
Hope this helps....Steve
A trip to LV is planned for around wsop and if it happens I'll make sure to keep track of receipts.
I kind of assumed that this amount wouldn't have been enough to make it worthwhile.
I knew going in they withhold, but I wasn't playing it for the ev's. Strictly entertainment. You could say because of the 30% my edge is better in BJ, but BJ isn't any fun.
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If that's the case, they're not doing it right.
lol...wink, wink ,nod, nod