How much taxes are due on lotto winnings?

August 15, 2003

From:  D.
Date:  Wed, 16 Jul 2003
Subject:  Pick 4

My friend just won $40,000 in pick 4. How much taxes will he have to pay?


Date:  Fri, 01 Aug 2003

Hello D.,

Your friend should visit a tax advisor and pay that person to get this information.

Good luck!
Mike Gray

For answers to new questions, subscribe to our newsletter, Michael Gray, CPA's Tax & Business Insight by filling out the form below.

Home    Newsletter Archive    Introducing Michael Gray, CPA    Articles    Tax FAQ   Need Help?    Other Links

Michael Gray, CPA
2482 Wooding Ct.
San Jose, CA 95128
(408) 918-3162
FAX: (408) 938-0610
Hours: 8am - 5pm PDT Monday - Friday

Find us on Facebook
Follow me on Twitter
Connect on LinkedIn
Connect on Google+
Our Blog

Subscribe to Michael Gray, CPA's
Tax & Business Insight

We respect your email privacy