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Can a trustee find out from the IRS about a recent 1300 gambling winning if you are going to file Chapter 7 in a month and can he or she demand this money even if you've already spent it?
Wiki User
∙ 18y ago
The trustee will look at your entire financial situation based on the information that you provided in your bankruptcy filing and supplemental documentation, but I am unaware of any ability or authority foro the trustee to be able to get information from the IRS. You are LEGALLY REQUIRED to disclose the winnings when you file for bankruptcy. Failure to do so would be bankruptcy fraud and could result in the denial of your discharge if this information comes to the attention fo the court and/or the trustee. If you made preferential payments to creditors, the trusted might ask for a refund of those payments to be distributed to all of your creditors.
Wiki User
∙ 18y ago
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A jar cotains 50 tickets for a drawing of these 7 are winning tickets what are the odds in favor drawing a ticket?
ppeenniisss
Could you give me the last six week winning numbers on the national lottery?
See the related link for these
Is it possible to predict winning lottery numbers in advance?
No, it is not possible to predict winning lottery numbers in advance. Lottery numbers are typically drawn at random, making it impossible to predict with certainty which numbers will be chosen.
What are opinions on how to pick winning lottery numbers?
There is no guaranteed way to pick winning lottery numbers as the lottery is purely based on chance. Some people use strategies like choosing numbers that are meaningful to them or using random number generators, but ultimately the outcome is random and unpredictable. It is important to remember that playing the lottery should be seen as a form of entertainment rather than a reliable way to make money.
How does the pick 3 lottery work?
In a pick 3 lottery game, players choose a three-digit number from 000 to 999. If their number matches the winning combination drawn by the lottery, they win a prize. The odds of winning and the payouts vary depending on the specific rules of the lottery.
What does the odds mean in gambling?
Your "odds" are your likelihood or probability of winning.
Do winnings from gambling affect social security?
Gambling winning would be earned income (worked to earn) gambling winning is unearned income.
Is gambling just as addicting as alcohol?
Gambling has the potential to be an addiciton similar to alcoholism. A gambling addict is looking for the high of winning, comparable to an alcoholic's chemical high. When gambling is seen as an addiction in an individual, rehab and/or counseling is the only way to get it under control.
What are the best odds in Vegas?
I believe that for most gambling machines your odds for winning are about 49%.
One month after your chapter 7 debts were dismissed you won some money would you have to contact the trustee?
Technically, a "dismissed" Chapter 7 case does NOT discharge your debts; but you say "debts were dismissed", so I assume it's a true discharge (like most bankruptcies). If you mean "won" as in winning a sweepstakes or lottery, the trustee can't touch it since you weren't legally entitled to it when you filed. However, if you won a lawsuit over something that occurred before you filed, it should have been included in your estate; unless it was exempted in your filing (rare), the trustee is entitled to it.
What does Buddhism say about gambling?
There is no specific statement in Buddhism about gambling, but, from my training, I would think that gambling is a form of desire for wealth and risk taking. therefore you should look at your motivation for why you want to gamble and what changes winning or losing might have in your life.
When do you pay taxes after winning a large sum of money?
You don't have to pay tax on gambling winnings in the UK.
Is gambling a way to get rich?
Sure if you keep winning ! Is also a way to lose everything you have if you don't win. The answer is, gambling is a way for a casino to get rich. If you are a gambler, it's extremely unlikely that you will get rich.
Why should one not bet spread when gambling?
There are known to be problems with spread betting. These are: Serious problems developed in almost 15% of spread betters compared to 1% in other gambling, and only 1 in 5 punters end up a winner, according to a report from Cass Business School. This is why it is very risky to bet spread when gambling.
What is another word for gambling odds?
Winning chances. House edge is another word you can use but the meaning is not exactly the same.
In the state of Michigan do you have to pay taxes on your keno winnings?
Yes, gambling winning anyplace are just like any other income. However, you may be able to dedcut provable gambling losses....keep those losing tickets!
Gambling winning after filing bankruptcy?
What's your specific question? Gambling winnings are considered income, just like any other income. Strictly speaking, it doesn't really affect the bankruptcy, but your question needs to be a little more detailed.
