Archive for December, 2016


Do you have to pay Sweepstakes Taxes in the US?


About sweepstakes taxes and according to the US law, prize money won in any form should be reported along with your income to the tax authorities by the end of the year when you file your tax accounts without fail.

Taxes on Sweepstakes Winnings

Do You Pay Taxes on Sweepstakes Winnings?

It enables them to keep proper track of where and all the money goes, especially the prize money. The rules pertaining gambling are a little bit different. Casinos are to withhold taxes for prize money that is equivalent to 600 dollars and above. Pertaining rules and regulations are given in detail in the IRS forms. Tax expert’s guidance is mandatory while you are initially preparing your blueprint for the sweepstakes. The rules and regulations are to be scrutinized well before publication and any discrepancies are to be corrected instantaneously to avoid any litigation in the future.

Why do you have to pay Sweepstakes Taxes in the US? One of the important revenues for the government comes from the taxes paid for the sweepstakes by the sponsors. Since, it is similar to the lottery schemes the taxes levied are quite heavy though. Hence, the income amount is also quite substantial enough for the federal and state governments. It is hard to persuade them to evade these taxes that bring vital income to their treasury.

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PCH $100 000 Sweepstakes Giveaway No. 8186

PCH $100,000.00 Sweepstakes Giveaway No. 8186. PCH Sweepstakes! Cash to the Rescue Sweepstakes! Healthy, Wealthy New Year. Start 2017 Right! You could win $100,000.00 Cash to start the new year! $100,000.00 prize (Giveaway No. 8186). What would you do if you won the PCH $100,000.00 Cash to the Rescue Sweepstakes? Each starting new year, roughly one in three Americans choose to better themselves in some way. How about taking some good resolution.

PCH Sweepstakes Win $100,000.00

PCH $100,000.00 Sweepstakes Gwy No. 8186

In my concern health should always be our main priority. Healthiest New Year’s Resolutions? Lose weight, quit smoking, cut your stress, cut back on alcohol, get more sleep, eat better and exercise everyday. Choose your path and stick to your goals, all through the year. How about an Healthy, Wealthy New Year with $100,000.00 Dollars Cash in your Bank Account! Ain’t that a good way to start the new year! Wish you all the luck and hope you stick to your New Year Resolutions. Promotion $100,000.00 Prize from Publishers Clearing House Giveaway No. 8186. Follow the on-screen instructions at pchsearch.com and enter the sweepstakes.

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