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Owe back taxes to state and fed. won money on lotto can they
owe back taxes to state and fed. won money on lotto can they keep my winning for what i owe? … read more
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If I won a $1mm lottery and owe the IRS money does it come
If I won a $1mm lottery and owe the IRS money does it come off the top? … read more
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I won 5000 dollars playing NC Lottery. How much will I walk away with and how much will I have to pay income tax time? My annual income at my job is between 55 and 60 thousand annual … read more
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I am treasurer for a Rotary Club that will give away a
I am treasurer for a Rotary Club that will give away a $25,000 raffle prize, $25 ticket cost. What is CA tax withholding rate? What if the winner resides outside CA? … read more
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The state of Indiana takes my state refund every year for
the state of Indiana takes my state refund every year for the past 3 years due to owing money to the dept of transportation and court fees. If I won $1000 on a scratch off lottery ticket in Kentucky, … read more
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I am with a non-profit and we are creating a raffle in
I am with a non-profit and we are creating a raffle in California with 3 prizes. There will be a maximum of 5,000 tickets sold. 1. Trip to Hawaii voucher value $6,000 2. $3,000 Cash 3. 55" HD 4K TV va… read more
Mark Taylor
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I won some lottery money this year want to know about getting
I won some lottery money this year want to know about getting some of it back at tax time such as what I have spent on other losing tickets thanks j j in ga… read more
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Heres my question regarding taxes; I dont have income to
Here's my question regarding taxes; I don't have income to report this year but last year I did won $6,500 in a lottery price from my state California. I also have $1000 to $1,500 worth of non winning… read more
Barbara
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11-17-10 Last year (2009) I purchased a lottery ticket (state
11-17-10 Last year (2009) I purchased a lottery ticket (state of Illinois) and won $10,000.00. I filed the appropriate papework with the state and received my check minus the taxes owed (I think it wa… read more
CGCPA
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My husband won the Lottery, $396,000, in PA, 7/2009. The mandatory
My husband won the Lottery, $396,000, in PA, 7/2009. The mandatory fedeal tax was withheld and received the form to use when filing his taxes. When filing his taxes, he was told that he owed additiona… read more
JKCPA
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I won 1000.00 in a Mass Lottery and I am on a pre-payment plan
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Merlo
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I won a 1978 Corvette in a raffle. I was told to get proof
I won a 1978 Corvette in a raffle. I was told to get proof of fair market value from two different places, so they could send me a 1099 which I did. One was $4,500.00 and the other $4,000.00. I still … read more
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How can federal tax due on lottery winning be reduced?
I won some money in the lottery. I would like to receive the money through a partnership and have the partnership pay out the money over a period of time to all the partners to reduce our tax burden. … read more
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I had two large jackpot wins, on slot machines, last year ($10,000
I had two large jackpot wins, on slot machines, last year ($10,000 & $8,600.) I didn't keep records of my total gambling 'losses', as I'm new to this & have no idea how to properly do this. Can I esti… read more
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I won a washer and dryer this year. I will be receiving a 1099
I won a washer and dryer this year. I will be receiving a 1099 misc for $3000. I itemize using schedule a. Line 28 I can take gambling losses up to my winning. My questions are: Can I deduct my expens… read more
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This is a two-part question. I am paying in installments $300
This is a two-part question. I am paying in installments $300 a month to the Irs for my 2007 taxes. I have won a $10,000 lottery in the state of Washington. Will the Irs claim the balance I owe them o… read more
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have recently come into about 750000 dollars that I have ...
have recently come into about 750000 dollars that I have won from a lotto scratch ticket. My question is that I really want to get married but I am not sure if that is a smart idea. Should I wait till… read more
The Guy Behind the Tree
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Do senior citizens in Pennsylvania have to pay taxes on
A friend of mine is 64 or older and he lives in Pennsylvania. He bought one of those scratch and win lottery tickets. He won $50.000. does He have to pay tax on it if he's 64 years old and a senior ci… read more
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