You may not have to pay tax, but you will have it withheld. Because some foreign nationals are eligible to pay tax and some are exempt, the IRS was getting upset that the people who were supposed to pay tax were never paying. As a result, Harrah's is now withholding 30% from all foreign winners, no matter what their tax status. If you are exempt, you can get it back, but you have to file the forms (1040NR, I think. You will have to have an ITIN)
Joined: 07 Mar 2005 Posts: 2998 Location: Nashville
Posted: Wed Jul 04, 2007 5:28 pm Post subject:
nsidestrate wrote:
You may not have to pay tax, but you will have it withheld. Because some foreign nationals are eligible to pay tax and some are exempt, the IRS was getting upset that the people who were supposed to pay tax were never paying. As a result, Harrah's is now withholding 30% from all foreign winners, no matter what their tax status. If you are exempt, you can get it back, but you have to file the forms (1040NR, I think. You will have to have an ITIN)
Yes. So basically if you are tax excempt you will get 70% of your money up front and the rest of it in Feb/March of next year presuming you can prove your excempt status. And yes, Uncle Sam doesn't pay any interest
There is a difference between paying tax and just having withholding though. Most Europeans won't pay any tax at all in reality. Canadians on the other hand and a smattering of Euro countries will have to pay tax.
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