2006-11-15 09:40:45 · 9 answers · asked by leb727 1 in Business & Finance ➔ Taxes ➔ United States
No.
overseas lotterys are illegal in the U. S.
It is a scam.
You cannot have an international lottery as the gambling laws differ in every country.
The scammers say it is "International" so as to cover every country.
If you want to check a email you think might be a scam go to www.scamomatic.com
Lotterys work like this:
1)10,000 people pay 1 dollar/euro/pound/yen....etc
The lottery company now has 10,000
2) the lottery company holds a draw and gives out 7,000 in winnings (and keeps the profit 3,000)
Scams work like this:
-1)nobody pays money (there is no money to win)
0)a scammer sends out 10,000 spam emails to tell people they have won a lottery they havn't entered.(they pretend they work for real lottery websites)
2)The Scammer asks for your Personal details (be prepared! your inbox is going to be full of emails asking for you personally...and dont get me started on what they are gonna do with your Bank details!)
3)The scammer tells you that you have to pay fees before you can accept the "winnings" (and NO,you cant pay out of the winnings! they dont exist!....silly maga)
4)The scammer manages to con 3 people out of 1000 and gives all his profits to a charity for orphaned goats (he dosn't really...he keeps it ;) )
5)Your inbox gets more mails than help@microsoft.com
Everything from "You have won anotther sooperdooperlottry" to "CHAN U B A NEXT OF KIN" to "Please join our company,cash our checks,send us the money until your bank realises you are laundering money for us?)
The moral of the story is...If it sounds too good to be true... It probably is
havea look at www.fraudwatchers.org
2006-11-15 22:37:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
i don't know i keep playin the German lotto but if i win I'm not saying anything(lol) I don't know if i did win i would ask a lawyer you know just to be on the safe side. Don't want to piss Uncle Sam off he'll put you straight in the big house if you don't give him his cut. I'm pretty sure you do though. You know how the US government is they always want your money!
2006-11-15 09:50:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
yes. Only non taxable situation is if you have long term earnings overseas.
2006-11-15 09:42:29 · answer #3 · answered by kramerdnewf 6 · 0⤊ 0⤋
International lotteries are illegal in the U. S. You would've had to have lived or visited there to make it legal.
2006-11-15 11:09:50 · answer #4 · answered by Celeste 6 · 0⤊ 2⤋
yes you are taxable on your worldwide income
2006-11-15 12:05:02 · answer #5 · answered by waggy_33 6 · 0⤊ 0⤋
If you are a US citizen the answer is yes! If not the answer is maybe depending information you have not provided.
2006-11-15 10:31:01 · answer #6 · answered by ? 6 · 2⤊ 0⤋
yes, it's your income right?
If you pay tax to other country then you get at "feign tax credit" in your income tax return to off set tax you pay in the US.
2006-11-16 00:19:35 · answer #7 · answered by Kenshin 5 · 0⤊ 0⤋
of course it is your money is also uncle Sam's monies and uncle Sam's monies is uncle Sam's monies
2006-11-15 09:51:02 · answer #8 · answered by mart1gon 2 · 0⤊ 0⤋
of course it is uncle sam always wants your money!!!!!!!!!!!!!
2006-11-15 09:43:46 · answer #9 · answered by kattz1111 2 · 0⤊ 0⤋