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Yes, just like lottery winnings you have to report the value of the car and pay tax on the value.
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Do you have to pay taxes on money or merchandise won through contests in the state of Texas?
Yes you need to claim it with the state and with the federal IRS as income. I beleive it falls under gambling income with the IRS as lotteries fall under that.
You won a car from a dealership do you need to file it on your income taxs?
yes
I won gambling money in New Jersey but live in Pennsylvania, how do I report this ?
“I won gambling money in New Jersey but live in Pennsylvania, how do I report this?? ”
Can an HOA report a judgment on an individual persons' credit report?
Yes, if the association won the judgement.
Has Andrew Clements won an award for ''The Report Card''?
No, Andrew Clements has not won an award for this book.
Do you have to report money won after bankruptcy was discharged?
No. Done is done.
How could I find the auto-insurance of a car that hit your car?
You would need to ask the owner of the car. You should be able to get the owner's information either from the accident scene or from the police report. But they are not required to provide it to you. In the worst case scenario, you would need to go to court to try to get that information and even if you win a judgement against them, you still may not get that information.....but you would have already won an order telling the other driver that he owes you money. Whether he wants to pay you on his own or file an insurance claim is totally up to him.
Who won the band contest for free credit report com?
The Victorious Secrets, a band from Detroit, won the FreeCreditScore.com contest.
Is it Okey for saying if you won the lottery you could buy a car?
It's okay to say, "If you won the lottery, you could buy a car."
Which car won the speedest car of 2006?
Probably the Bugatti Veyron
When you enter a sweepstakes do you have to pay the ARV?
What does ARV mean in a Sweepstakes? The ARV is the "Approximate Retail Value" of the prize. With cars, you'll often see MSRP or "Manufacturers Suggested Retail Price". The ARV or MSRP represents what the prize is worth. When you report a prize win to the IRS, you may come up with an amount that is not the same as the ARV. For example, let's you won a camera that the sponsor said was worth $400. If you can document that the camera is currently selling for $250, you can report the $250 actual value to the IRS instead of the $400 ARV. Here's some more information on prize wins: http://www.sweepsadvantage.com/sweepstakes-law.htm
Which car won the Indian car of the year 2012?
MAruti Suzuki Swift
