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Can I claim a winning lottery ticket if I havent filed taxes yet this year?
Wiki User
∙ 13y ago
Claiming your lottery winnings DOES NOT have any thing to do with the filing of your 1040 federal income tax for the tax year 2009. BUT you should be getting all of your federal and state tax forms completed completely and correctly this year by OCTOBER 15, 2010.
Wiki User
∙ 13y ago
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where do i cash a scrach off more then 800 dollors?
By winning a lottery Related 6 Tips to Save Using the Most Popular Food Delivery Apps Learn More → Congratulations! You took a chance and bought a winning lottery ticket. Now, you need to cash it. Winning lottery tickets may only be redeemed in the state where the ticket was purchased. Prizes up to a certain amount may be redeemed at any store or location that sells lottery tickets. However, prizes over a certain amount must be redeemed with the state lottery office. Winnings More Than $600 If your prize is over $600, the prize amount is reported to the IRS and you will have to pay taxes on the amount. As of 2020, the federal tax withheld on lottery winnings is 24%, and state taxes vary across different states, ranging from zero to 13%. The state lottery commission also sends a 1099 to you at the end of the year listing your prize over $600. Prizes that are less than $600 are not reported to the IRS, but this does not mean that they are not taxable. If you've won an enormous prize, such as the Powerball jackpot, you'll also want to decide whether you want to receive your money as an immediate, reduced lump sum or as an annuity spread out over three decades. You may not want to dawdle on that decision, because while some states give you 180 days after winning to claim your prize, others may give only 60 days if you want your payout as a lump sum. Read More: When Are Lottery Winnings Taxable? Tips If you've won a large amount of money, you may want to assemble a trustworthy team of attorneys and financial experts – at the least, a certified public accountant (CPA) to help you claim and control your winnings. Winnings Less Than $600 When you win less than $600, you can take your winning ticket to an authorized lottery retailer. It doesn't have to be redeemed at the same place you purchased the ticket, however, it does have to be redeemed in the same state. You can redeem a winning ticket from any type of lottery game to an authorized retailer when your prize is less than $600. Authorized retailers include stores and other establishments that sell lottery tickets in your state such as, convenience or grocery stores. Contact the State Lottery Office You can also take your lottery ticket to a state lottery office to redeem it. Although the lottery office cashes out winning tickets for any prize amount, many players take tickets showing a prize of over $600 to the lottery office as some authorized lottery retailers may not have enough cash on hand to pay out large winnings. To redeem with the office, visit the website for the winning ticket’s state lottery to find claim office locations. Don't forget, you must sign the back of your ticket in order to make sure you're the only one who can claim it. Mail in a Claim Form If you do not wish to visit the lottery office in person, you may mail your winning ticket, along with a claim form, to the lottery office for the state where the ticket was purchased. If you live in a state other than the state you purchased the winning ticket, you may also use the mail-in method to redeem your prize easily. Locate claim forms on the state lottery website for the state where the winning ticket was purchased for further guidance.
Can i claim 1000 Florida lottery ticket if i owe back tax's?
Sure. They may take the tax you owe from it...but you can claim it.
What age can you be sold a lottery ticket?
bankbet99: 1. No, under the age of 18, you cannot go to the lottery station to claim the prize. Guardians (such as parents) can collect the prize on your behalf, because the real-name system is not implemented in China for the purchase of lottery tickets, but you need to bring your ID card to collect the first prize. . 2. The "Regulations on Lottery Management" stipulates that: lottery winners should take the winning lottery ticket to the designated point to redeem the prize within 60 days from the start of the lottery. The rules stipulate that they need to show their ID card for redemption. The Regulations on Lottery Administration stipulate that lottery issuing agencies, lottery sales agencies, and lottery agents shall not sell lottery tickets to minors. Otherwise, they will face sanctions and penalties. People under the age of 18 are not allowed to buy lottery tickets. This is a national law. If you win the lottery, you can pick it up by your parents, relatives or good friends. In this case, you only need to buy the lottery ticket and win the lottery. I have turned 18 in 60 natural days. I personally feel that the lottery center will not embarrass you. I will redeem the prize from a humane point of view (but I’ve never heard of such a situation) (for example, you still pay today) 50 days to be 18 years old, I bought the lottery ticket (well, those who sell the lottery ticket don’t care how old you are, I didn’t see them asking for the ID card from the person who bought the lottery ticket) and won the jackpot. You can wait until 50 days later (full 18 years old), 60 days ago (the deadline for redemption) and then go to redeem ha)
Can a convicted felon claim a Mega Million lottery ticket in new york?
Yes, he can. If the felon is incarcerated, then no-but if he is out then they can claim the tix. It will take showing the id so if that person is wanted by the law, they could get caught.
Can lottery winners remain anonymous in british Columbia?
No. Prizes are only paid to the ticket holder or group trustee. You can not set up a blind trust to claim lottery winnings like you can in some states. When a player purchases a lottery ticket from BCLC it constitutes a contract between that player and BCLC. Part of that contract is BCLC's right to publicize winners' names and picture.
Can you have your daughter claim your lottery winnings to avoid high taxes?
No. The payer of the lottery winning issued you and the IRS the same information from the copies of the 1099-G that has your social security number and name on the 1099-G showing the amount of your winnings.
Should lottery winner share a portion of their winning?
if anybody playing lottery does any govt. or person participate to share the loosing amount with that person who is a looser in lottery?if the answer is no then why govt. claim taxes on his winning amount ?actually our govt. make some laws for there own profit, but normal public always found their self looser, whereas these public are selecting the govt.if the person who is a lottery winner, wants to donate some amount by his own decision it is possible, or when govt. taking the responsibility after born of that person, that govt. can claim a part of that person's winning amount.This is my own feeling.... may be I am wrong / right but this is from my thought.thanks...
Is this lottery a scam Australian - Similar?
There are some lotteries in Australia that use a 6/45 matrix, however there is no such lottery called "Australia 645 Lottery". If you've received an email, letter or call about winning a lottery that you did not enter, it is a scam. The scammers will try to get you to reveal personal information, or to send them money in order to "claim your prize". Do not respond to them, don't reveal anything, don't deposit any cheques they send you, and don't send them any money under any circumstances. Sorry - we all dream of winning the lottery, but in this case it is a scam.
What is Maharashtra online lottery Games?
Maharashtra online lottery games refer to the various lottery games offered by the Maharashtra State Lottery. These games are played online, allowing players to participate from the comfort of their own homes or wherever they have access to the internet. The Maharashtra State Lottery was established in 1969 and offers a range of lottery games with varying prize amounts. Some of the popular online lottery games in Maharashtra include Maharashtra Rajya Lottery, Maharashtra Laxmi Lottery, and Maharashtra Gajlaxmi Lottery. To participate in these online lottery games, players can purchase tickets online from the Maharashtra State Lottery website or from authorized lottery retailers. The results of the lottery are announced online, and players can claim their prizes by presenting their winning ticket to the lottery office. It is important to note that participation in online lottery games is restricted to individuals over the age of 18, and players should always play responsibly and within their means.
If you buy a lottery ticket for another person with your own money and that ticket wins do you legally have to honor your agreement with that person or can you claim the prize?
well in my opinion i think that the person who paid for the ticket should win the money because well it is their money... but if you are a good person you should share the prize.
Can a foreigner with legal stay play national lottery?
Most lotteries do not require that one be a resident in order to play their lottery. This allows them to attract border-crossers from states that may not have the same games (if any). Keep in mind, though, that should an out-of-state or itinerant person purchase a ticket that proves to be a winner, that person must follow the appropriate instructions to claim the prize. This usually involves either returning to the state where the ticket was purchased (either to a retailer to cash small prizes or a lottery office for bigger ones) or mailing the ticket (with appropriate claims information) back to the lottery.
CAn a convicted felon claim lottery winnings in the state of Arkansas?
can a convicted felon claim a mega million or powerball lottery winnings in georgia
