Lottery & Sweepstakes

website llc for lottery winnings Shareholders, partners, or members in pass-through entities receiving income from gambling or lottery activities are subject to personal income tax on their llc or trust for lottery winnings It's not uncommon for winners to claim their prizes through an LLC or a trust This year alone, two other Mega Millions jackpots were claimed by

llc for lottery winnings Otherwise, you never lose your anonymity In other states, you have no right to remain anonymous after winning the lottery If you hit the  Taxes on Lottery Winnings, Raffles, Charity Drawings, and Sweepstakes by Wager Tax on winnings should be reported to you in Box 1 of IRS  It's now time to claim your winnings First, sign the back of your ticket if purchased in retail Second, follow the appropriate claim

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