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Indian American woman in Illinois Priti Shah wins $4 million from lottery ticket

Anchin in the NewsMay 27, 2015

This article was published by The American Bazaar.
Anchin Partner Quoted: Clarence G. Kehoe, CPA

Indian American woman in Illinois Priti Shah wins $4 million from lottery ticket

Tax Department Chair, Clarence Kehoe, reveals the tax implications behind lottery winnings.

"Given the significant size of this lottery prize," Clarence Kehoe, a partner at Anchin, Block & Anchin who chairs their tax department, told Business Insider, "the recipient will be in the maximum income tax bracket on their receipts no matter if they take a lump sum or take an annuity over 30 years."

Read the complete article at The American Bazaar

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