This tax musing is about the tax situation of winning the lottery (we should all have that problem) and the tax advantages of taking the money upfront this year as opposed to taking upfront next year or the installments (I am always in favor of taking the money upfront; who knows what can happen if someone is paying you installments over 20 or 30 years). This article in Accounting Today by Michael Cohn goes into more detail:
http://www.accountingtoday.com/news/Powerball-WinnerFace-Major-Tax-Hit-64822-1.html
So now for these problems to apply to you all you have to do is win the lottery and then you will know what to do, so nothing is stopping you from winning (except the odds of course!)
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