NEWSTALK 860 » taxes on prizes won http://ksfa860.com Wed, 19 Jun 2013 03:27:16 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Houston Man Learns Nothing is Free. Prize of "Free" Donuts is Taxable http://ksfa860.com/houston-man-learns-nothing-is-free-even-a-years-worth-of-donuts/ http://ksfa860.com/houston-man-learns-nothing-is-free-even-a-years-worth-of-donuts/#comments Tue, 15 Mar 2011 17:21:46 +0000 Jim Bell http://ksfa860.com/?p=2753 Here's something anyone who wins a prize worth more than $600 dollars needs to know.  The Internal Revenue Service says it's taxable income, and you have to pay taxes on the value of the prize.

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