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What happens if you win big in Vegas as a foreigner?

8. Re: What Happens if a Foreigner has a Massive win? You will be charged taxes, and then you have to ask the US government for it back. It is quite a long procedure to get the money back.

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Re: What Happens if a Foreigner has a Massive win?

9. Re: What Happens if a Foreigner has a Massive win?

Not all foreigners will get refunds:

Gambling income of residents (as defined by treaty) of the following foreign countries is not taxable by the United States: Austria, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Russian Federation, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Tunisia, Turkey, Ukraine, and the United Kingdom. For those not from those countries (e.g. Neverland) you would be subject to NRA withholding at 30% on the gross proceeds from gambling won in the US if that income is not effectively connected with a U.S. trade or business and is not exempted by treaty. No tax is imposed on nonbusiness gambling income a nonresident alien wins playing blackjack, baccarat, craps, roulette, or big-6 wheel in the United States. As far as us here in the States, this is what Uncle Sam has to say: "Hit a big one in 2004? With more and more gambling establishments, the IRS reminds people that they must report all gambling winnings as income on their tax return. Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse and dog races and casinos, as well as the fair market value of prizes such as cars, houses, trips or other noncash prizes. Generally, if you receive $600 ($1,200 from bingo and slot machines and $1,500 from keno) or more in gambling winnings and your winnings are at least 300 times the amount of the wager, the payer is required to issue you a Form W-2G. If you have won more than $5,000, the payer may be required to withhold 25 percent of the proceeds for Federal income tax. However, if you did not provide your Social Security number to the payer, the amount withheld will be 28 percent.

You cannot deduct gambling losses that are more than your winnings."

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