Quote:
Originally Posted by carlosmuc
Hi, does anybody have save information about, if Casinos still able to help foreign players with winnings over 5k to order an ITIN, so they can payout 100% of the winnings?
Read something, that this year the Casino were no more allowed to do this.
I talked to a tax professional in the USA about this yesterday.
He said casinos can no longer issue ITINs. Only the IRS. (Internal Revenue Service of the USA)
So if a foreign player without an ITIN (even from the UK with no taxes on gambling winnings) has a payout over $5,000, then 30% will be withheld. Player will then need to apply for an ITIN, mail it in, wait months, then file a USA tax return, then wait months more to get the 30% refunded.
Perhaps, an alternative is to apply for an ITIN now, then if you win over $5k this summer in the USA, ask the casino to hold the money until you get your ITIN. Once you get it in several months, you might be able to email/mail the casino with the number and they might be able to mail you a check for the full amount of your winnings.
Here is link to ITIN form....
https://www.irs.gov/uac/about-form-w7