https://www.lotterypost.com/news/79646 Lottery Post News Story: If you win a lottery prize, the IRS awaits en-us Lottery Post RSS Generator https://www.lotterypost.com/news/79646/165990 https://www.lotterypost.com/news/79646/165990 Tue, 13 Jan 2004 13:16:13 GMT Tang Keeping those losing lottery tickets can pay off for tax purposes. One day you may hit the big one, so stuff those grocery bags with those Cash3/4, Fantasy 5, Mega Million, Change Game, Lotto South tickets and keep them for the year to show the IRS.

]]> Tang https://www.lotterypost.com/news/79646 https://www.lotterypost.com/news/79646 Tue, 13 Jan 2004 10:06:20 GMT Lottery Post A lottery prize means federal income tax obligationsWith the Tennessee Lottery to start in a week, participants might just be dreaming about a new house, a new car and traveling around the world. But it also means thinking about how playing the lottery can affect the filing of your federal income tax return.Winning a lottery prize may open the door to many financial opportunities, but it may also result in a significant federal income tax obligation. Keeping good records of your winnings and lo... [ More ]

]]> Lottery Post