Lottery Trusts

florida tax on lottery winnings
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There's a mandatory 24% federal withholding for winnings above $5,000 that goes straight to the IRS And while many states also tax lottery

A recent lottery winner from Florida got a LLC in Delaware and claimed his Florida lottery winnings in the LLC name They can't force him to

florida lottery cash 3 evening The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

florida evening lottery In order to be a valid winning online terminal game lottery ticket, the ticket must be identifiable as a Florida FEDERAL INCOME TAX WITHHOLDING