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If you win the lottery but owe back taxes will they take it out of your winnings?
Wiki User
∙ 18y ago
Yep. but if you win, they get their money first. The odds would be better if you used the money to pay the taxes first though.
Some lotteries have such bad odds you are more likely to be hit by lightening more then once then win big.
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoNo not on the original win in Australia, however any interest that is derived from it is taxable. What about fees for amounts $1 million and over. Did you hear the news? You'll still end up paying fees if you win big. The government (in Australia) said something about implementing a new fee charged for people who have $1 million or more in their bank accounts, so you will probably end up paying fees (not taxes) for your big win if it is sitting in a bank account.
Wiki User
∙ 11y agoWiki User
∙ 13y agoIf you can prove losses equal or close to winnings then yes.
Wiki User
∙ 18y agoYes
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How much taxes are taken out on lottery winnings in North Carolina?
If I win 1000.00 what do thay take out
If you win the the lottery but owe property taxes not due until 2010 will they take it out of your winnings?
If it isn't due yet, no
If you owe government student loans will the lottery take it out of your winnings?
You do know what is going to take place when you owe back taxes, penalties and interest from past years. And of course they will already have some income taxes that were withheld from your winnings that you will have to file a 1040 federal income tax return for to report your winnings and all other sources of gross worldwide income on.
If your brother wins the lottery and buy you things can they take it if you are paying child support?
The State will not take your brother's lottery winnings, or the personal property he gives you from those winnings.
If your brother wins the lottery and buys you expensive things can the child support office do anything about it?
The State will not take your brother's lottery winnings, or the personal property he gives you from those winnings.
Do they take any other money out of the total lottery winnings besides taxes?
in michigan you have to pay city state and federal taxes it is taken out of your paymentif you dont have city taxes taken out of your check you must report it to the city if there is a city tax
If your brother wins the lottery and buys you things can the child support order order you to sell it or give it up?
The State will not take your brother's lottery winnings, or the personal property he gives you from those winnings
If your brother wins the lottery and buys everything for you can the child support office make you give your things up?
The State will not take your brother's lottery winnings, or the personal property he gives you from those winnings.
What should you do if lottery mail is to your email?
Remember, to enter a lottery you take the initiative to enter it. If you did not take the initiative, usually by buying a ticket, you have not entered it. Also, you do not have to send money in order to get your winnings in real lotteries. If they ask for money in order for you to receive winnings, it is a scam. So, delete the email.
Why did the casino in NYC take taxes out of winnings?
because it was a source of income and me be repoted to the irs
At what age do they not take tax's from lottery winnings?
Any age when you meet the requirement of must file a income tax return. A dependent on another individuals income tax return would be required to file a federal income tax return and pay some federal income tax if unearned income gambling winnings, interest, rent. capital gains, etc of 950 or more of income reported on the 1040 income tax return.
Who can intercept lottery winnings in pa if you have debts ie. student loans?
If your in collections and have judgments than I think anyone can take out of it. If you won why not pay them off?
