Overseas Lottery Winnings and Tax, the bottom line

  by: JohnCurio - Category:

Further to a recent USA court ruling:

In most cases, income earned by non-U.S. residents in the United States (U.S.) is taxed according to the mandates of tax treaties, if any, between the U.S. and the foreigner’s country of nationality. If a non-resident plays the lottery while in the U.S. and wins, is she/he subject to income tax in the U.S.? The following case shows how the Internal Revenue Service (IRS) considered proceeds from a California lottery won by an Israeli national, under the U.S.-Israel Income Tax Treaty.

Read the full story here

To buy your tickets for the Powerball Lottery, click here