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Does anyone really play Lottery as their day jobReply
The 599 dollar rule was in place for one reason. The IRS has neither the money, time and staff to enforce every single person who is a tax evader, especially if the person they audit shows a profit/loss profile, meaning worth the time, money and staff required, so they only go after the big guys.
Nov 25, 2012, 11:02 pm - onlymoney - Lottery Discussion Forum

Sucessfully staying quiet?Reply
Also Joker, Don't forget where the ultimate fault would belong! The state that the win occurred in! Remember the states that have lotteries are the ones who do the withholding for the IRS and ultimately transfer those funds on to the Treasuary Department in the persons name and SS number so their income tax account will be credited correctly as not to end up with an unjustified tax audit!
Feb 16, 2011, 10:36 am - BaristaExpress - Lottery Discussion Forum

Sucessfully staying quiet?Reply
If you only knew the IRS can only go back 3 years! As long as no other years before or now show any fraud in their filings! And since the money wasn't withheld at the time of disbursement to no fault of their own the 3 year limitation for an audit for that year will hold up in a court of law! The IRS is SOL and if you have any doubts just as your accountant or the IRS if you like!
Feb 15, 2011, 7:34 pm - BaristaExpress - Lottery Discussion Forum

Scratch offs as a tax write off?Reply
You can offset your winning with losses, but you must have the losing tickets as receipts. You are very likely to incur an audit with this kind of write-off.
Nov 26, 2010, 1:34 am - muppet - Instant ("Scratch-Off") Games Forum

June 29- July 11Reply
ty sure need a biggie hit..................... working the audit shift tonight so get off at 7am..................... thank you got me a box tonight on the 546
Jul 5, 2010, 4:11 am - brighteyes - Pick 3 Forum

Todd forgive me if this in inappropriate. Church and lotteryReply
He will give an account for that. You can fool the people but you can't fool god. When you try things happen. Getting an audit out of the blue, having to spend out more money than he gave his son. He might have fool the IRS not God.
May 10, 2010, 8:08 pm - pepper1 - Lottery Discussion Forum

Pennsylvania store manager accused in lottery theftsReply
the store must me making a lot of money to not miss the money......It wasn't an audit that caught her...........the general manager Dave Shaye testified he found scratched-off, winning lottery tickets in the office without validation documents and receipts........(do they sell fish there????) and he didn't say where in the office he found them........hhhhmmmmm !
Apr 9, 2010, 7:47 pm - beaudad - Lottery News

N.Y. couple wins $162M lottery jackpot - but owes $1MReply
County officials say Richard and Mary Morrison owe $950,000 stemming from an audit of a homeless shelter they ran for 20 years. The audit showed the couple doled out bonuses to themselves, billed the county for benefits they later pocketed and bought big-screen televisions. An judgment against the couple was filed in 2008. They will have to pay because the judgement has already been rendered against them. They gave themselves bonuses, billed for services they did not deliver and used the m
Jan 7, 2010, 7:46 pm - Littleoldlady - Lottery News

Ohio Lottery audit begins next weekReply
I have not heard yet what Ohio's stance is on adding Powerball. I hope this issue comes up in the audit if it hasn't been positively addressed yet.
Dec 31, 2009, 8:42 am - wizeguy - Lottery News

Tax Question Offset Winnings/LossesReply
Yes, but only worry about all that reporting if the $1,000 was reported to the IRS. Also, in order to make the whole thing work (whether it is reported or not), you need to keep all your losing tickets. If you don't keep them, then you don't have proof that you lost the money if there is an audit.
Oct 13, 2008, 10:22 am - Todd - Lottery Discussion Forum