Lottery Tax Planning for a Billion Dollar Drawing

Lottery Trusts llc or trust for lottery winnings The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes llc or trust for lottery winnings The advantage of using something like an LLC Lottery Winning Trust) with your favorite friends and your family members as beneficiaries

midday maryland lottery Attorneys are responsible for creating a trust to protect an individual's winnings from publicity An accountant's role is to attempt to