Search

Oh no this isn't good for future lottery winners thinking about moving money to offshore banks..
The Foreign Account Tax Compliance Act (FATCA) is having a negative impact on the U.S. economy, U.S. financial markets, American businesses operating abroad and American citizens who work and reside overseas. American Citizens Abroad (ACA) is working hard to educate the legislature and decision makers to inform them of the many dangers of FATCA. Recently legislators and the media have come out in strong opposition to FATCA, some advocate for repeal, others for revisions of the regulations. Al
Mar 20, 2014, 1:36 pm - tony869 - Lottery Discussion Forum

Remaining anonymousReply
tennessee allows almust any legal entity to claim , thro almust no one ever does it in tn: The check can be issued to an individual, corporation, organization, partnership, trust or estate however take this storie of our only pb winner first Tennessee Lottery players to win the Powerball jackpot prize,estimated at $25.5 million. I screamed, said Bobbi Hubbard, 41. Then I yelled to my husband and everyone in the store that we had won the Powerball. Bobbi s husband, Richie, 51,
Mar 10, 2010, 8:21 am - joshuacloak - Lottery Discussion Forum

Will Gift Tax Apply if Someone Else Claims a Ticket?Reply
for love of god, don't listin to these people like GASMETERGUY NASHVILLE, TENN United States Member #33768 February 20, 2006 931 Posts Offline , or u be paying double taxes, first for claiming,and taxed again for giving away money just create a trust have trust CLAIM all tickets the trust pays the taxes..................... and trust can be set up to give any amount to whoever u want as u be creating it,and setting up just like a contr
May 8, 2013, 11:13 am - joshuacloak - Lottery Discussion Forum

Texas State Lottery Q&A from one of their associates
Hi everybody, I had a list of 7 questions about the Texas State Lottery, so I emailed them; a week after I sent the email they responded. Although all the questions were answered, not all the answers were complete, or at least I didn't think so. I highlighted the portions that were not addressed. List of questions 1. I know that Texas Lottery offers the limited privacy option to it's jackpot winners. Exactly what is the limited privacy option and what does it involve? What informa
Sep 15, 2011, 1:47 am - smart player - Lottery Discussion Forum

Tax Strategies For Lottery Winners - Lump Sum vs Installments
The article below is written by a CPA and Tax Expert from California. He explains pros/cons from both sides of the payout. Tax Strategies For Lottery Winners Lump Sum vs. Installments? The most frequently asked questions from lottery winners and those who just dream about being a winner is: Should I take a lump-sum or installments? Take the installments! Despite everyone telling you to take the lump-sum. Your heirs will receive the balance if you die before collecting all
Jan 12, 2011, 3:24 am - socalgal - Lottery Discussion Forum