Legal Question in Tax Law in Massachusetts
taxes and lottery winnings
If I have been paying the IRS weekly by wage attachment and I still have a balance (2300.) and I win $4000. will they lottery take it for the IRS EVEN if I have been paying and have a payment plan in place and never have missed a payment? I know they will tax the $4000 upfront, but will they take the rest too?
Asked on 11/07/08, 4:31 am
1 Answer from Attorneys
Re: taxes and lottery winnings
Assuming you have a payment plan and there are no liens filed with the state, they should not take your $4,000.00. You should pay whatever tax you might owe on the $4,000 as the withholding may not be sufficient.
Answered on 11/07/08, 10:27 am