Won the lottery - how do I keep the money?
Mar 29, 2019 · 55 All of the above can happen. Lottery winners are invariably people with little experience in handling extremely large amounts of money. For most lottery winners, …
Winning the lottery and moving to save on taxes
Jul 27, 2016 · The tax on lottery winnings is based on the state where the lottery was held, because for legal purposes that's where the winnings are considered to have been earned for …
How does a big lottery winner cash his huge check risk-free?
But the lottery (per the California winners' handbook) won't do anything more than hand you a paper check. How do you get your check into the Treasury without exposing it to some …
If I won the lottery but gave it all away, would I still have to pay ...
Oct 22, 2018 · Suppose a hypothetical somebody won the lottery, but being such a magnanimous fellow, they decided to give away every penny. Would my hypothetical do-gooder still have to …
Why does lottery write "in trust" on winner's cheque?
Sep 20, 2024 · The article states that he's accepting the money on behalf of a group that purchased the tickets together. Using a Trust or LLC can let the members remain anonymous …
How are lottery winnings taxed when you move to a new state?
Jun 21, 2017 · If you win Mega Millions in a taxing state and choose the annuity option and later move to a non-tax state, will you still have to pay taxes to the state you won in?
united states - Are big checks (dimensions, not money) valid ...
Sep 3, 2022 · You've probably seen the really big checks given to winners of monetary prizes. Are these checks valid?
united states - Are lottery winnings taxed based on the ticket date …
Dec 15, 2015 · Suppose I purchase a lottery ticket today (Dec 14, 2015) and win $25K. If I wait a few weeks and redeem the ticket after Jan 1, are the taxes due based on income in this year …
taxes - If someone lives in one state and purchases a winning …
Mar 31, 2012 · Lottery winnings are payed by States/State-run corporations and as such sourced to the State that pays it. Buying a ticket in SC links you to the lottery run in that State, even if …
If I win the lottery, what is the best way to secure this money?
Dec 9, 2015 · The names of lottery winners are public, so this advantage would not mean much to you. Swiss banks are generally very large, secure, and capable of handling large amounts of …