You Be The Tax Judge: A $9.6 Million Lottery Win And A Tax Dispute
A couple won $9.6 million in the lottery, then sold their future payments. Should the proceeds be taxed as capital gains or ordinary income?
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Waffle House Waitress Wins Big In The Lottery, Loses At Tax Court
Growing up in North Carolina, I’ve seen my share of the inside of a Waffle House or two. In fact, my college roommate and I even had a favorite song on the Waffle House jukebox. I’m not kidding. But alas, as much as I frequented the Waffle House, I was never the kind of customer…