The IRS Tax On Gambling

If you gamble in the United States at a legal casino and win, then chances are that you are going to pay the US gambling tax. If you win more than $1200 at any casino, the casino will withhold 30 percent of the money that you won for the US gambling tax. This is done to make sure that you declare your winnings on your income tax statement. You will get a win slip that is filed with the IRS to make sure that they know that you have already paid your taxes for this income. However, those who are not US citizens may be entitled to receive US tax recovery. As they may have to pay taxes on their income in their own country, US tax recovery allows them to recover the taxes that they won at the casino and were paid to the IRS so that they are not paying on their winnings twice.

US tax recovery can be a long and complicated process, especially for those who are not familiar with the workings of the IRS who now have the money that was withheld from the casino. In order to get the money back from the IRS, you need to seek out a company that will help you with the US tax recovery. You can get back US gambling tax if you are a legal resident of another country and are not a citizen of the United States. You have to complete various forms for this process as well as provide adequate documentation about the taxes that were withheld as well as your own residency proof. You will also have to show why you were in the United States. All of this information aids in US tax recovery.

There is a time limit as to how long you can get a refund on your US gambling tax. After a few years, you will not be eligible for US tax recovery, so it is best to act as soon as possible to get this money that is due to you. Your best option is to use a service that will help you retrieve your US gambling tax from the IRS. They will be familiar with the forms that you need, be able to help you provide the right documentation, and will also be able to get the win slip that states how much you paid in your US gambling tax. You stand a far better chance at obtaining US tax recovery from your gambling winnings if you use a service than if you attempt to do this on your own. You may find that the process is frustrating, that you fill out the wrong forms and may be continually asked for information. If you are from another country and are a legal resident of that country and won money at a casino in the United States and had US gambling tax withheld, you may be eligible for US tax recovery for those gambling winnings. As the amount of tax is thirty percent of your winnings, it is well worth your time to seek out a company that can help you with this process and get this money back from the IRS.

Resource: If you gamble in the US but are not a citizen, you may be eligible for US tax recovery. You may be able to get the US gambling tax that was withheld from your winnings back from the IRS if you visit US Tax Recovery.

Poker is Gambling!

Poker is Gambling!

According to Wikipedia, following is the definition of gambling:

Gambling is the wagering of money or something of material value (referred to as “the stakes”) on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Typically, the outcome of the wager is evident within a short period.

Online poker was interpreted by the US government tp be gambling and thus was incorporated into the Unlawful Internet Gaming Act of 2006 (added on at the last minute to the Port Security bill… so any Congressman or Senator would have to vote against keeping our Ports safe in order to keep online poker legal… didn’t happen)

The bill, as defined by most experts, did not actually make the act of online gambling an illegal act, but rather made it illegal for the financial institutions and payment processors to facilitate the act of online gambling. This caused many online poker sites to find apparently illegal ways to have players fund their poker accounts and illegal ways to pay funds to players upon their withdrawals.
April 11, 2011 was Black Friday for online poker players such as myself. Executives at the 3 major online poker sites of Poker Stars, Full Tilt, and Ultimate Bet/Absolute Poker were indicted on primarily money laundering and wire fraud charges and online poker came to a crashing halt for residents of the United States.
To date (August 24, 2011) Full Tilt Poker has not refunded money that was in player accounts ( A good friend of mine has $50,000 tied up in Full Tilt, and this figure in miniscule compared to many other players). Full Tilt has insisted all along that they will make good on refunding player funds, but it hasn’t happened yet and only time will tell. Full Tilt’s license is now shut down by the gaming commission which regulates it, so they now owe the world’s players funds along with US residents.
Poker Stars quickly returned player funds to US residents and now continue to be a leading online poker site for the rest of the world.
Ultimate Bet/Absolute Poker has completely shut down and hopes of their player funds ever being returned to players appears futile.
Since then, the US government has shut down several other smaller poker sites.
Now that is a quick rundown of the thrashing online poker players have took since Black Friday, April 15th, 2011 through today, August 24th, 2011.
I will not argue as to whether or not poker is gambling. By the Wikipedia definition, it can only be interpreted as gambling. However, by the same definition, here are some other gambling activities:
Starting a Business
Buying a House
Investing in the Stock Market

As far as the short term aspect of the definition: Poker has daily ups and downs. Business has daily ups and downs. The Stock Market has daily ups and downs. The daily ups and downs of poker are often less than the swings in these other gambling activities.
People who know what they are doing in business make money, people who don’t lose money. People who know what they are doing in the stock market make money, people who don’t lose money. People who know what they are doing in real estate make money, people who don’t lose money. People who know how to play poker make money, people who don’t lose money.

Skeptical?

I challenge any other of these gambling avenues to show me a track record more predictable and consistent than my track record of over 25,000 online tournaments:

Sharkscope.com – chicubbies07 (Full Tilt Poker), deuceflopalo (Poker Stars)
Officialpokerrankings.com – chicubbies07 (Full Tilt Poker), deuceflopalo (Poker Stars), muckitforme (Party Poker)

In conclusion, poker is gambling, but (like it or not) the right to gamble with our own money is what has created the American Dream!

And yes… there were some losers along the way.

Henry Ford knew how to make cars. I know how to play poker. Can I have my company back?

Restrictions And Prohibitions When Shipping To Spain

Spain is part of the European Union and open to free trade but it applies restrictions and prohibitions for imports like any other country in the world. It is important to know them before shipping to Spain as that can save you a lot of time and protect you from unwanted problems. Most of the prohibitions and restrictions are general to most countries but there are some, which are specific to Spain.
You cannot send Atlantic red tuna fish from Belize, Panama and Honduras, toys or games that contain copper sulfate, products that contain a flexible metal blade contained in plastic or paper. Narcotics, Drugs and asbestos fibers in all forms are illegal. Not all that contains L-tryptophan is allowed. U.S. beef hormones cannot be sent. There are also some weird prohibitions. For example, you cannot send rubber erasers that look like some foods or medical thermometers that contain mercury.

Besides all of these, there are the general restrictions. You cannot send hazardous waste, pornographic materials, human remains, explosives, firearms, perishable foods, plants and material except for cut flowers which if they come originally from the US are allowed, money, lottery tickets, dead animals, wildlife products and wet or leaking packages. Packages that emit odors are in a high risk of being held at the customs.

Certain classes of products cannot be sent in order to protect the security and economy of Spain and the EU. Some commodities are a subject of import quota or some restrains. You may have problems in shipping to Spain products like, human semen, vitamins, drugs with prescription or without prescription, Viagra, non-perishable goods but that really depends on the shipper you choose. Some products may need special authorization or tests. Shipments from the US, which contain non-manufactured wood packing materials, which come from coniferous wood, must be treated. Tobacco and gambling material is very hard to ship. For example, you cannot send playing cards.

Samples of some products can be however sent to Spain. Products must be marked with the country of origin and some products will be submitted to a technical inspection or they will be checked for an identification or serial number.
There may be many restrictions but you can ask for the help of the shipper or the customs broker.

Now You Can Buy Mega Million Tickets Online

Did you know you can play Mega Millions online? Now you don’t have to go to the corner store to buy your Mega Millions ticket. Mega Millions is a popular lottery that is played in most states in the US, and is now available to be played online. No more missing draws because you forgot to make it to the corner store. This has been a long time coming and many people are happy you can now play Mega Millions online.

Back in 2009, the Multi State Lottery Association and the folks at Mega Millions agreed to allow the cross sale of not only Mega Millions, but Powerball as well, lottery tickets in participating United States lottery jurisdictions. Both Mega Millions and Powerball are known for their huge jackpots, so it’s no wonder tickets are now available for purchase online. The record for a single lottery ticket is $315 million! Back in 2005 a group of people who purchased a lottery ticket won this jackpot and decided to get paid out the lump sum of $175 million. There’s a real good chance that your life would be changed forever winning the lottery.

So many people play the lottery these days. Recent articles have suggested that lottery tickets have become one of a few things that people buy habitually, and why not? When a jackpot reaches $40 or $50 million, why not buy a 5 dollar ticket? You have as good a chance of winning as anybody else. And just imagine how the money could change your life. You could pay off your mortgage and car, help your kids through college or help your family or friends. There are so many stories of how peoples life have changed because they’ve won the lottery, whether it’s a couple of million or hundreds of millions.

Many lottery experts believe that being able to buy lottery tickets over the internet is the wave of the future. You can pick your own numbers or you can do quick picks. You can buy tickets for the next draw, or purchase tickets for the next 5 draws if you like. The options available to you playing online are very extensive, and you won’t miss a draw if you forget to go to the store because of the options available to you.
So get your tickets now and don’t wait or miss out on the next draw, play mega millions online. Visit www.playmegamillions.congalotto.com to get your tickets now!