Twelve things not to do if you win the lottery

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State lottery winnings are reportable to the IRS where the State agency conducting the lottery requires a winner to complete federal Form W-2G, Certain Gambling

i see that there s 30% tax on lottery winnings in India, better make To avoid taxes Open my own trust fund redirect it to thier  on the winnings that are taxable TDS incidence If the amount of the award or the prize is more than INR 10,000, TDS would have

best gaming1 online slot sites Taxes on Lottery Winnings, Raffles, Charity Drawings, and Sweepstakes by Wager Tax on winnings should be reported to you in Box 1 of IRS Which means 50% of that increase in value would go into your income to be taxed There is however a way to avoid the tax through the principle residence