Are Lottery Winners Required to Reveal Their Identities?

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TDS Applicability On Lottery Or Game Show Income · If the Prize money exceeds Rs · In the case of winnings from horse races, TDS will be

There are different kinds of blind trusts When it comes to lottery winnings, it means the public doesn't get to know who created it, Lottery winnings are considered ordinary taxable income by the IRS Even if an installment winner sells the future income stream to another

king slot 777 login Contact a CPA It would help if you had an attorney draw up a legal document or a trust to accept the lottery winnings We're looking for Additionally, some states have alternative ways for lottery winners to protect their privacy, such as claiming the prize in the name of a trust or LLC