Congratulations, you’ve won the sweepstakes. Please be sure to pay your taxes on your winning’s as shown on line 12 of the form enclosed. Have you ever received a notification like this? I hope not, it could be fraudulent. Many scams are out there and take advantage of people that don’t know when or how to pay taxes upon a sweepstakes winning. Here is what you need to know. Paying Taxes; How to? If you’re the lucky winner of a sweepstakes, you may be notified but never receive your winnings. A letter is sent out demanding tax payments prior to your being sent your winnings. Never pay this tax. You pay the IRS not the sweepstakes itself. Read more on how to pay your sweepstakes taxes.
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- What people would do if they won
- 39% said that they will pay their Mortgage.
- 21% said that they will pay Student Loans.
- 17% said that they will invest in Stock Market.
- 10% said that they will Take Vacations.
- 9% said they will buy a New House.
- 9% said they will Help People in Needs.
- 5% Said they will buy a New Car.
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