Thursday, August 11, 2011

Lottery and taxes - when taxes are due?

You might want to check with the IRS - but I think the taxes would be due when he actually is paid the winnings. So as of January, 2012. On 1 Mill -- the IRS would be there and take their cut out of his winnings and his check would be 1mil less taxes ---and then he'd have to deal with his other income later ---

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