You've Won Big -- What Will That Windfall Cost You in Taxes? (@Notteham @TheStreet)

You just won $10,000! Before taxes, that is:

Full article at The Street

"As Los Angeles-based tax expert Elizabeth Rosen notes, any winning you get from playing the lottery, gambling in casinos, betting on races or even playing keno in the local pub are fully taxable. The IRS even designates a form, W-2G, just for this purpose. If you win, Uncle Sam wants his cut."

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