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$550 MILLION: Mega Millions holiday bonanza!Reply
This is simply not true. First of all, once you split the JP with someone, at the time of the claim, that intent is pretty darn clear. Second. Why would you be going to tax court? Unless you do not pay the taxes, you have no reason to go to tax court. The IRS doesn't care if that JP gets split 5 ways as long as you pay them. If you don't pay, you get audited, the auditor then tells you how much is owed and gives you a date to make payment. IF you don't make that payment THEN you are taken to
Dec 16, 2013, 7:06 pm - Teddi - Lottery News

Court filings outline steering of D.C. lottery dealNews Story
In recorded conversation, official suggests ousting winner of bidding Documents filed in federal court Thursday portray in vivid detail the efforts of a number of D.C. officials, including then-Council Chairman Vincent C. Gray and Chief Financial Officer Natwar M. Gandhi, to manipulate the outcome of the competitively bid, multimillion-dollar D.C. Lottery contract. The documents, supported by transcripts of tape-recorded conversations, were filed in response to efforts by the city to resis
Sep 16, 2011, 10:06 am - Todd - Lottery News

Sisters' lottery jackpot trial begins todayNews Story
The lottery numbers that sisters Theresa Sokaitis and Rose Bakaysa had played together for years finally paid off in 2005, yielding a $500,000 Powerball jackpot. But for whom? Sokaitis, 84, of Middletown, Connecticut, claims she never saw a dime of that money and sued her older sister. This morning, their dispute over the jackpot will go to trial before a judge at Superior Court in New Britain. I love my sister and I feel bad this is all getting dragged into court, but I have children
Mar 23, 2010, 9:36 am - Todd - Lottery News

Judge rules Washington lottery winners can't be anonymousNews Story
The identity of a Yakima, Washington, couple who won a $6.6 million Lotto jackpot has been revealed after a judge ruled in favor of the state lottery that winners cannot claim jackpots anonymously. This week, nearly 10 months after a temporary injunction that sealed the identity of Michele and Michael Villegas was supposed to be lifted, the names were released. The amount that the couple won is thought to be a local record. But in many respects, their good fortune was eclipsed by the legal
Oct 3, 2008, 10:44 pm - Todd - Lottery News

Tax Court Reaffirms Lottery Payments are 'Ordinary Income'News Story
The Tax Court reaffirmed that proceeds from the sale of a right to future annual lottery payments constitutes ordinary income, not capital gain, after reviewing two test cases involving winners of the Florida State Lottery. In both cases, petitioners in the cases won the lottery and reported the annual installment payments as ordinary income for a number of years. Eventually, however, the petitioners sold the right to their remaining installment payments and claimed that the resulting gain (a
Nov 9, 2006, 7:39 am - Todd - Lottery News

Illinois woman loses out on $50K lottery ticket after buying it with drug moneyNews Story
A woman who lived with a Decatur drug dealer ended up losing big time when she took a judicial gamble on winning back the proceeds of a $50,000 lottery ticket. The state of Illinois had initially seized the money as the ill-gotten gains of a ticket bought with drug money. But then a Macon County judge later ruled against the state and awarded the lottery cash to the woman, Tykisha Lofton. Now, in a decision filed Sept. 27, the three-judge Fourth District Appeals Court ruled unanimously to
Oct 7, 2016, 7:03 am - Todd - Lottery News

A verbal Lottery joke agreement wouldn't hold up in Court, would it?
So, there was an article about what NOT to do if you win the Lottery or will win the Lottery. One of the tips was something like, Never joke, about giving someone a cut of your winnings if you win the Lottery because they could sue you for your winnings if you do. For example, never jokingly, say to your to your Friend, Tom, if I ever win The Powerball 1.5 Billion Jackpot, I'll give you $20 Million, but I'm sure I'll never win it, it's a 1 in a 1.5 Billion chance. Tom and you both laugh, but if
Oct 7, 2023, 11:49 am - Lotto fanatic - Lottery Discussion Forum

New Hampshire wins appeal; Wire Act does not apply to lotteriesNews Story
By Kate Northrop The New Hampshire Lottery has prevailed against the US Department of Justice when a federal court ruled Wednesday that the Wire Act does not apply to lotteries, cementing the legality of participating in the state lottery over the Internet. In August of 2019, the US Department of Justice (DoJ) filed a notice of appeal following the decision by the United States District Court for the District of New Hampshire to find in favor of the New Hampshire Lottery in the long-awaite
Jan 24, 2021, 9:16 am - Todd - Lottery News

It's time the lottery needs to stop releasing a person name and picture when a big win is won!Reply
Regarding the LP article entitled Judge rules Washington lottery winners can't be anonymous : In this thread, we're clearly talking about STATE LAWS regarding lottery privacy/anonymity - state laws being defined as laws passed by a STATE LEGISLATURE. An intelligent examination of the LP article about the Washington case, reveals that NO state lottery privacy law was overturned by the judge, since there was no such law on the books there. ALL the Judge's decision did was overturn a TEMPORARY
Feb 21, 2015, 12:44 am - Scratch$ - Lottery Discussion Forum

Man wins lottery, loses in courtNews Story
A lottery winner who claims he was deceived when his lawyer teamed up with a finance company and persuaded him to take a lump sum for his annualized jackpot narrowly lost a split decision at the state Supreme Court Monday in a case that turned on how long victims have to sue. In his suit against the finance company, John D. Flannery claimed and the Supreme Court concluded that he was given bad tax advice by attorney Glenn MacGrady and Singer Asset Finance to induce him to take a one-time paym
Jun 17, 2014, 7:28 am - Todd - Lottery News