U.S. taxes on Irish Lotteries?

Reply #8

pumpi76 — Tue, 10 Oct 2006 18:45:31 GMT

random generator put it this way...If you have nothing, they can't tax you...

...Laura Simpson from Great Lakes, Illinois, deserves to be rich... She is so rare...

Reply #7

Preppy — Tue, 10 Oct 2006 15:25:06 GMT

Yes, you would have to pay US taxes on your winnings from Ireland's National Lottery and/or Euromillions lottery.

The Internal Revenue Code is unkind to lottery winners. U.S. citizen or resident alien is generally subject to U.S. tax on total worldwide income. Under the US Tax Code, all income for US citizens is taxable, whether earned in the US, in a foreign country, or on the Internet. However, if you are a United States citizen or a resident alien who lives and works in a foreign country... [ More ]

Reply #6

Todd — Tue, 10 Oct 2006 14:09:26 GMT

It's not an Irish Sweepstakes , it is the Ireland National Lottery.

Results are posted on Lottery Post here: https://www.lotterypost.com/results-IE-Ireland-lottery.htm

The official web site is here: http://www.lotto.ie

Reply #5

KY Floyd — Tue, 10 Oct 2006 07:16:06 GMT

It's really simple.

If you're a US citizen you pay US income tax on income that isn't exempt.

If you're a US resident you pay US income tax on income that isn't exempt.

Keeping the money in another country may keep the IRS from knowing about income, but doesn't make it exempt.

If the IRS finds out you didn't pay taxes on income you tried to hide in another country you will probably end up very unhappy with the result.

Reply #4

dvdiva — Tue, 10 Oct 2006 03:35:56 GMT

The Irish lottery never seems to get as big as the UK one and I am only aware of scam sites like OSA selling tickets.

As far as taxes go you can form a trust and only transfer some of it to the US but you had better make sure NEVER to access the offshore account in the US or use a credit card tied to it in the US.

Reply #3

Badger — Tue, 10 Oct 2006 00:44:26 GMT

I believe there are a number of laws like this. I've heard they pass these just so there is one more thing that they can hold someone on (like a drug dealer or bookie) if they want to do so this way. It's also one more charge they can levy against them.

BTW -- I thought there was no more Irish Sweepstakes

Reply #2

Coin Toss — Mon, 09 Oct 2006 18:15:31 GMT

I know the government taxes the Irish sseepstakes when Americans hit it- even though it is illegal to play it in the U.S! Figure that one out.

Of course, this is the same government that requires both dope dealers and bookies to register and pay $50 for a rubber stamp. Of course, none of them do, but believe it or not there is such a law.

Reply #1

Litebets27 — Mon, 09 Oct 2006 14:54:33 GMT

I believe you will pay taxes on your winnings if you transfer your funds into any U.S. Banks or Financial Institutions under U.S. control. Or if you move back to the U.S. and file your annual income tax there is a question about foreign holdings that you may have. I'm not sure the Government can tax you on it. (but I maybe wrong)

litebets

U.S. taxes on Irish Lotteries?

randomgenerator — Mon, 09 Oct 2006 14:33:56 GMT

Just wondering if anyone knows the answer to this question....

I am a US citizen but presently live in Ireland. I play Ireland's National Lottery, and also the transnational Euromillions lottery, both of which pay out prizes as tax-free lump sums. But if (fingers crossed) I were lucky enough ever to win any money in either lottery, would I have to pay *U.S.* taxes on my winnings