2007-09-12
As a Canadian citizen I understand that any slot win over $1,200 triggers a 1042-S and I've filed a non-resident return three or four times to recover tax money withheld from jackpots. Before my most recent trip, I did some research on the topic and discovered what I thought was the magic form, the W-8BEN. The way I understood it was that if I triggered a 1042-S, all I had to do was hand this form to the payer and they wouldn't take the 30%. When I hit a $4,000 royal, I was pretty excited, for the win and to be able to whip out the magic form. It didn't work! I explained up and down the purpose of the form and was sure it was going to work but the bosses told me, pardon the pun, NO DICE! Eventually, I just had to give it up. I'll get the money back, which will make for a nice windfall in January, but I really thought I had the problem licked. Does anybody know what the actual rules are?
2007-08-01
In your answer on 6/20/07, you wrote that on the $2,500 video poker machines, you get a W-2G for a high pair. Are there really $2,500 machines, where you need $12,500 to load it up? And can you explain to me why you'd need tax documentation for a push -- you're not really winning anything, you're just getting your money back.