Tax Consequences After Getting A Lottery Windfall: SJSU Professor Caroline Chen

Powerball just made someone $1 billion richer Wednesday, but the winner would have to pay taxes on his winnings.  if you are the lucky winner or get some sort of windfall unexpectedly, it is time to find out about the tax consequences.

Caroline Chen, San Jose State University professor of taxation and former IRS tax attorney, discussed what the winner should know.


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