Return_of_Chippy@lemmy.world to Lemmy Shitpost@lemmy.world · 3 days agoWho is Oprah Winfreylemmy.worldimagemessage-square36fedilinkarrow-up110arrow-down141
arrow-up1-31arrow-down1imageWho is Oprah Winfreylemmy.worldReturn_of_Chippy@lemmy.world to Lemmy Shitpost@lemmy.world · 3 days agomessage-square36fedilink
minus-squareReturn_of_Chippy@lemmy.worldOPlinkfedilinkarrow-up2·3 days agoI heard the “winners” still had to pay tax on the prizes.
minus-squareTheOrcWhoWrites@lemmy.worldlinkfedilinkEnglisharrow-up1·3 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?