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.
No 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.
If you can prove losses equal or close to winnings then yes.
Yes
If I win 1000.00 what do thay take out
If it isn't due yet, no
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.
The State will not take your brother's lottery winnings, or the personal property he gives you from those winnings.
The State will not take your brother's lottery winnings, or the personal property he gives you from those winnings.
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
The State will not take your brother's lottery winnings, or the personal property he gives you from those winnings
The State will not take your brother's lottery winnings, or the personal property he gives you from those winnings.
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.
because it was a source of income and me be repoted to the irs
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.
If your in collections and have judgments than I think anyone can take out of it. If you won why not pay them off?