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Need advice - Claiming money for someone who won pick 4

Topic closed. 27 replies. Last post 4 years ago by NightStalker.

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bob27's avatar - chakra man1.jpg
chicago
United States
Member #34162
February 28, 2006
315 Posts
Offline
Posted: October 26, 2012, 9:49 am - IP Logged

Thank you so much guys... i will give him back that ticket then,,, for 250$ reward,there is too much risk involved... and btw lotterypost.com is the best website for lottery discussion. BOB

    inittowin's avatar - 039ee315cfea4c12c8f5
    If you don't like it, spit it out!
    United States
    Member #4756
    May 23, 2004
    3435 Posts
    Offline
    Posted: October 26, 2012, 9:52 am - IP Logged

    I see you are from Chicago, and you owe the IRS money. Do you have a connection to the Obama administration? If so, use it!!!

    LMAO @ CARBOB!  Green laugh

    .

      Avatar
      Kentucky
      United States
      Member #32652
      February 14, 2006
      7344 Posts
      Offline
      Posted: October 26, 2012, 11:43 am - IP Logged

      Ok. This never happened to me so i need advice.I work at restaurant as this guy knows my boss for many years,and i also work there for few years now and he knows me as well.Today he gave me an offer to claim money for him because he won total of 20,000$ on 4 different tickets ( 1 $ straight) He cashout 3 out of 4 and this last one he wants me to do it for him.I will get 250$ instead for doing him a favor.So my question is,,should i do it.I will probably get a check for 5,000 or little less...then i have to cash this check and give him a money tomorrow.I want to mention that i have some irs problems,i own some money..so you think i will have problems at lottery headquarters? and also will i pay taxes and how much,if i claim this under my name? thank you

      It's interesting because it's usually the people 65 and over who will cash winning tickets over $600, but under $2000 for 10%. For a $5000 ticket, they will charge 25% because there is a possibility they will have to pay taxes on a percentage of the winnings.

      Since you have IRS problems you're paying or should be paying Federal taxes on a percentage of your income. You probably paid at least 10% in Federal taxes last year so an additional $5000 in income might raise your tax percentage and even if it didn't, it will still cost you $500 more in taxes. This "favor" you're doing will cost you at least $250 out of your pocket. He can't find anyone who will cash his ticket for less than a $1000 and most would ask for $2500 after hearing the circumstances. It's a terrible deal.

      "so you think i will have problems at lottery headquarters?"

      Possibly because you live in Illinois.

      "If you won $600 or less, collect directly from the closest Lottery retailer. If you won more (niiiice), you are required to fill out a claim form. Just file the form with any retailer or mail it to the Illinois Lottery and you'll get your moolah in 4-6 weeks. To be on the safe side, we recommend that big winners mail forms via guaranteed mail.

      Reminder! When you visit a Prize Center to file a claim, make sure to bring a photo ID and some means of verifying your Social Security Number. Thanks."

      "then i have to cash this check and give him a money tomorrow"

      In other states like Michigan, Ohio, and Kentucky winning tickets over $600 and $5000 and under can be cashed and paid the same day without going through lottery headquarters avoiding any checking for back taxes though in Ohio you're asked about back child support. Because you said "cash this check today and give him the money tomorrow" it looks like Illinois has a similar method of collecting the winnings on the same day.

      When you sign the Illinois claims form, you're signing under the penalty of perjury "that no other person is entitled to any part of these payments". Is doing a favor that will probably cost you money worth possibly being changed with defrauding the State of Illinois and paying a maximum fine of $10,000 and/or up to 3 years in prison?

        sully16's avatar - sharan
        Ringleader
        Michigan
        United States
        Member #81740
        October 28, 2009
        42155 Posts
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        Posted: October 26, 2012, 2:48 pm - IP Logged

        Don't do it !, He gets the lions share and you get the taxes, no brainer. If he gives you a hard time, let him have someone else cash the tickets, then you report the fraud and ta da, the IRS WILL GIVE YOU THE TAXES HE OWES AS A REWARD.

         HyperBe Happy.

          RJOh's avatar - chipmunk
          mid-Ohio
          United States
          Member #9
          March 24, 2001
          19902 Posts
          Offline
          Posted: October 26, 2012, 5:14 pm - IP Logged

          Don't do it !, He gets the lions share and you get the taxes, no brainer. If he gives you a hard time, let him have someone else cash the tickets, then you report the fraud and ta da, the IRS WILL GIVE YOU THE TAXES HE OWES AS A REWARD.

          Reporting lottery winners you know avoided paying taxes on their winnings is just another way of telling people you know to keep news of their lottery winnings to themselves.

           * you don't need to buy more tickets, just buy a winning ticket * 
             
                       Evil Looking       

            Wooddrive's avatar - Lottery-046.jpg
            Delco PA
            United States
            Member #80104
            September 16, 2009
            194 Posts
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            Posted: October 26, 2012, 5:42 pm - IP Logged

            Pass!

              rdgrnr's avatar - walt
              Way back up in them dadgum hills, son!
              United States
              Member #73904
              April 28, 2009
              14903 Posts
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              Posted: October 26, 2012, 6:40 pm - IP Logged

              I see you are from Chicago, and you owe the IRS money. Do you have a connection to the Obama administration? If so, use it!!!

              That's right CARBOB, he could probably get a Cabinet position.


                United States
                Member #116268
                September 7, 2011
                20244 Posts
                Offline
                Posted: October 26, 2012, 6:52 pm - IP Logged

                DO IT DO IT DO IT

                Tell him he can HALF of whats left over AFTER taxes.........

                  Avatar
                  Tyler Texas
                  United States
                  Member #130924
                  July 28, 2012
                  82 Posts
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                  Posted: October 26, 2012, 7:46 pm - IP Logged

                  I agree with the others I would not do it. For each of the past 10 years I have had between 5,000-10,000 in taxable winnings from casinos and between 5,000 -10,000 in taxable lottery winnings. You can claim a loss on your tax forms up to 100% of your gambling winnings and I do that each year. So they may take the tax at cash in but you should get a refund on yout tax return if you do it this way of course it depends on your income and many others things if you get a refund. Of course if you get audited by the IRS you have to show proof of the losses. I keep receipts.losing play slips etc to hopefully satisfy the IRS if I am ever audited. I think the IRS realizes most of us lose as much or more than we send and it does not throw up a red flag unless you have huge gambling wins/losses. Maybe you friend is in bankruptcy ? I have an acquantince that has filed bankruptcy and he can have no gambling income and has to pay others to claim his jackpots.I don't know if all bankruptcys have this in them or if his is because they feel his bankruptcy was caused by out of control gambling. I even get refunded my State tax paid on casino gambling winnings because I live in Texas and the casinos are in Louisiana. I have to fill out a Louisiana State Tax return and it depends what percent of my overall income it is but I usually get almost 100% back.

                    Littleoldlady's avatar - basket
                    Clarksville
                    United States
                    Member #487
                    July 15, 2002
                    17638 Posts
                    Offline
                    Posted: October 28, 2012, 7:30 pm - IP Logged

                    There is no income cap if you are 65 years old or older.  The cap is from ages 62-65 (once you have your 65th birthday, the cap is removed).  You can make as much as you want.  So he is feeding you a line of bull crap. 

                    If you know your number is going to hit, have patience and then KILL IT!

                    You never know when you will get another hit.


                      United States
                      Member #111442
                      May 25, 2011
                      6323 Posts
                      Offline
                      Posted: October 28, 2012, 7:42 pm - IP Logged

                      There is no income cap if you are 65 years old or older.  The cap is from ages 62-65 (once you have your 65th birthday, the cap is removed).  You can make as much as you want.  So he is feeding you a line of bull crap. 

                      I once played a few lines of bull crap.  Red Devil

                      The results were kind of crappy.

                        psykomo's avatar - animal shark.jpg

                        United States
                        Member #4877
                        May 30, 2004
                        5145 Posts
                        Offline
                        Posted: October 29, 2012, 12:59 am - IP Logged

                        Reporting lottery winners you know avoided paying taxes on their winnings is just another way of telling people you know to keep news of their lottery winnings to themselves.

                        RJOH:

                        WIND>>>>>>>PAY>>>>>>>>>UR>SHARE$$$

                        SOLAR>>>>>>PAY>>>>>>>>>UR>SHARE$$$

                        EV>>>>bragg bout ur GREEN>>>car>>>$$$!

                        can U >give a corvette ah>>>>"CHANCE"!!!!

                                                    Big Grin AngelDrumBig Grin Angel

                          NightStalker's avatar - 50logo
                          East of Columbus, OH
                          United States
                          Member #120843
                          December 28, 2011
                          451 Posts
                          Offline
                          Posted: October 29, 2012, 4:14 am - IP Logged

                          Ok. This never happened to me so i need advice.I work at restaurant as this guy knows my boss for many years,and i also work there for few years now and he knows me as well.Today he gave me an offer to claim money for him because he won total of 20,000$ on 4 different tickets ( 1 $ straight) He cashout 3 out of 4 and this last one he wants me to do it for him.I will get 250$ instead for doing him a favor.So my question is,,should i do it.I will probably get a check for 5,000 or little less...then i have to cash this check and give him a money tomorrow.I want to mention that i have some irs problems,i own some money..so you think i will have problems at lottery headquarters? and also will i pay taxes and how much,if i claim this under my name? thank you

                          Check to see how long he has to cash in the ticket.  If he can wait until after the end of this year and claim it next year it might fall on next years taxes.  I don't know this for sure, and perhaps he should consult an accountant.

                          Life's Too Short To Be Unhappy Cool