With her winnings, she plans to share with loved ones, take a vacation, and then invest the remainder. For any Michigan Lottery prize of greater than $5,000, the florida lottery is required to withhold an estimated 24 percent in federal tax and four.25 percent in state tax. These withholdings do not necessarily satisfy a winner’s tax liability they are merely estimates. We propose that all winners make contact with the IRS, Michigan Department of Treasury and trusted tax experts to decide whethe...

Kansas is one of the few states that allow you to stay anonymous if you win a lottery prize or jackpot. Here's the course of action for claiming Kansas pa lottery prizes. Your name, region of residence, and the quantity you won is public record in New Mexico. We recommend that you consult a lawyer just before claiming any massive prizes, nonetheless, as it may possibly be feasible to claim your prize by way of a trust to retain anonymity. Soon after hitting "SUBMIT," you will be directed to t...