Tag Archives: citizen
Calling All Millionaires. Building an Online Poker Empire (Page 1 of 2)
The internet has opened doors to miraculous opportunities. Every person around the world can literally become your customer if you have the right product or service to offer them. Many people have become wealthy because of the internet, but some have become mega wealthy.
The online gaming industry has produced multiple Billionaires over the last 7 years. That’s billionaire with a B. Take Ruth parasol, the co founder of Party poker (Party Gaming). Ruth standed to make an additional $683 million the day her company went public. Then, there is Calvin Ayre. He founded the Bodog sports book empire. Bodog takes hundreds of millions of dollars in beting action each year.
There appears to be a shroud of mystery around the legality of online gaming. At times, the United States government has intervened and tried to police the world as one nation. The interesting thing to note is that there are many variables to setting up and doing business as an online gaming company. US citizen or not, the US government has only gone after sports book and sports book processing companies.
In the past 7 years, US citizens contributed most of the online gaming revenue globally. In the past two years, things have really started to change. Regardless of recent US law changes, US players really haven’t slowed down with online gaming. Online gaming is growing at a cancerous rate. This is because of internet broadband expansion on a global basis. Citizens from other countries across the globe are starting to place wagers online. They are finally able to do so because of high speed internet access availability..
If every US citizen stopped placing wagers online today, the online global gaming industry would still grow at an alarming rate. What’s even more interesting, is that NOT one US citizen has ever been prosecuted by the US government for taking wagers online from non-us citizens outside of this country.
Thanks to client language software (software that runs in different languages), it is now possible to market gaming globally and successfully. You can be a US citizen, and legally own and operate an online casino, poker room, and or sports book, providing that NONE of your customers are in the United States, or are US citizens.
The recent US law banning US poker may get repealed this month. You can learn more about that by researching the UIGEA repeal ACT to be held on September, 26th, 2007. Not to mention, it looks like the government will never go after poker rooms due to the public unrest involved against the law. There are at least 5 large successful poker rooms that still take US players. They promote their poker sites all over television with US poker celebrities as their spokesmen. They are Poker Stars, Ultimate Bet, Full Tilt Poker, Absolute Poker, and Doyles Room. One of the founders of Doyles Room is Doyle Brunson. Doyle lives in Nevada and doesn’t hide under his bed. The only type of gaming site that the US government has ever gone after is a sports book. The only type of processing company the US government has ever gone after is a processing company that would process the sports books deposits/withdrawals.
Casino Tax Rebates
Casino tax rebates can be in your fingers in only a few weeks. Did you visit the United States and gamble, win money and have some withheld? Do you want your money back? Are you a citizen of another country, and not of the United States? If you answered yes to these questions, you may be eligible to get up to 30% of your casino tax rebates back within a few weeks.
Our company offers you the opportunity to get casino tax rebates. This is a completely legal process that deals with the IRS and many other government agencies, on your behalf. There are hundreds of people that sit for hours on the phone with the IRS and still get no answers and no satisfaction. If you live in and are a citizen of a country other than the United States, have a valid government issued identification card and won money while gambling in the United States, you can get casino tax rebates in most cases. Casino tax rebates are the amount of money that was withheld from your winnings, before they were even handed to you. Remember when you won the money, an attendant asked you about your citizenship? When he or she reported back to the cashier with this information since you are not a United States citizen, there was 30% of your money withheld for the IRS withholding tax. Why should you have to pay taxes in the United States when you dont live there?
Any winnings of more than $600 from a lottery have the 30% withholding tax taken out. Any winnings in the US of more than $1,200 from bingo or slot machines will also have that withholding tax taken out. If you won more than $1,500 from keno or more than $600 from dog races, horse races or jai alai or won any money from poker, we can help. The fact that your citizenship alone causes you to have to pay a tax is ludicrous. Our company thinks that you should be able to keep all of your winnings in your pocket. Therefore, we offer casino tax rebates. Casino tax rebates are simply getting you back the money that was kept from you in withholding taxes.
Our company will require up to 8 weeks to get an ITIN number for you from the IRS. If you already have an ITIN number, this cuts your waiting time down by half. After the ITIN number is received, we fill out the necessary paperwork on your behalf and send it to the requiring agencies. It can take up to a total of an additional 8 weeks to get your check, but on average our customers see their money within 3 weeks. Once you get your check in the mail, we are notified either by you or by the IRS that your money has arrived. We will then send out an invoice that must be paid immediately. We wait for you to get paid before we ever ask for our fee. There are no hidden fees or stipulations, this is as easy as it gets.