Atlanta 1/30/2013 7:10:00 PM
Avoid Paying More Tax Over Time by Selling Lottery Payments to AnFed Bank
Winning the lottery is great until you realize that you have to pay taxes on your payments. You have the opportunity to avoid paying more taxes on lottery winnings by selling all or a portion of your winnings to AnFed Bank.
While selling the lottery prize payment is of itself a taxable event, the amount of the taxes that you will have to pay depends of your individual situation. No matter what your situation is, you will no longer have a tax obligation on the portion of payments that you have assigned. This is a great reason to sell lottery payments to AnFed Bank.
Another option is to take out a loan. You can avoid paying taxes on your lottery winnings altogether by taking out a loan using your lottery winnings as collateral. AnFed Bank offers a unique loan explicitly for lottery prize winners. This is a good option because taking out a loan is not a taxable event.
For clarification and to answer any questions, feel free to call 1 (855) 882-6333.
