Colorado Lottery: The tax bill for the $ Powerball jackpot

tax liabil- ity that it can sponge up , and not the $ 1 million in tax they should play the tax audit lottery , since audit rates are histor- ical

Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a

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how to select lottery numbers Winning, receiving a share of a win or being gifted money has no tax implications on the initial amount and does not need to be reported to us