Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 4 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 4.00

state lottery winnings

I know on state lottery winnings above $600, you have to file for the money and they take a cut for taxes, which in turn means you have to account for it as income. But under $600, most can get the money in cash at a lottery retailer. i was recently told that ALL winnings are supposed to be reported so it can be taxed - the cash in hand does not mean it's supposed to be tax free. If so, it seems impossible to enforce.

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Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 10:08 PM My Price 4.00

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