November 7, 2022
Bloomberg quoted Tax Partner Michael Greenwald about the challenges of tax arbitrage facing any winner of the billion-dollar-plus Powerball jackpot.
Bloomberg
Excerpt:
“It does start making your return very complicated,” said Michael Greenwald, a tax partner at Marcum LLP. “My advice to any big winner is hire a good lawyer and a good accountant before you tell anyone, and most especially the state lottery agency, that you won.”
