by clicejames | Jun 11, 2025 | Taxes & Financial Planning for Winners
Winning a gift card in a sweepstakes can be thrilling. But, many don't know about the tax side. Do you pay taxes on gift cards won in sweepstakes? Yes, you often do. Taxes on these cards can surprise winners, adding to their financial worries. Sweepstakes taxes are...
by clicejames | Jun 11, 2025 | Taxes & Financial Planning for Winners
Sweepstakes and contests have been thrilling Americans for years. Winning big is exciting, but it brings financial and legal challenges. The question of setting up an LLC for sweepstakes winnings is now more important for winners wanting to protect their money....
by clicejames | Jun 11, 2025 | Taxes & Financial Planning for Winners
Winning a sweepstakes is exciting, but many winners don't know about the tax issues. It's important to know the 10 common tax mistakes to avoid financial problems and IRS issues.Making tax mistakes with sweepstakes can turn a dream into a nightmare. The IRS sees all...
by clicejames | Jun 11, 2025 | Taxes & Financial Planning for Winners
Winning a prize can be thrilling, but it comes with tax implications. Many winners face financial hurdles due to unexpected tax burdens. It's important to know what happens if you can't pay taxes on your prize to avoid legal and financial issues.The IRS views prizes...
