Return_of_Chippy@lemmy.world to Lemmy Shitpost@lemmy.world · 12 days agoWho is Oprah Winfreylemmy.worldimagemessage-square36linkfedilinkarrow-up110arrow-down142
arrow-up1-32arrow-down1imageWho is Oprah Winfreylemmy.worldReturn_of_Chippy@lemmy.world to Lemmy Shitpost@lemmy.world · 12 days agomessage-square36linkfedilink
minus-squareReturn_of_Chippy@lemmy.worldOPlinkfedilinkarrow-up2·12 days agoI heard the “winners” still had to pay tax on the prizes.
minus-squareTheOrcWhoWrites@lemmy.worldlinkfedilinkEnglisharrow-up1·12 days agoI was a tax professional for HR block at one point. If the prizes were under 100 dollars value we are told to tell ppl that they don’t have to report it. Yet, I believe the threshold is really ten dollars. Regardless, how will the IRS know?
I heard the “winners” still had to pay tax on the prizes.
I was a tax professional for HR block at one point. If the prizes were under 100 dollars value we are told to tell ppl that they don’t have to report it. Yet, I believe the threshold is really ten dollars. Regardless, how will the IRS know?