Five D.C. Fire Department Employees Win $1,000.000.00
Mega Millions Prize
On October 23, 2018, a winning $1,000,000.00 Mega Millions Lottery ticket was purchased at the 7-Eleven Convenience Store, located at 1109 South Capitol Street, S.W. in Washington, D.C.
The ticket was purchased by a group of Five D.C. Fire Department employees who work together in the area of public safety fire and rescue. They will share equal parts of their $1,000,000.00 prize, each receiving a gross total of $200,000.00, before taxes.
In the District of Columbia when a lottery winner comes forth, the winner must reveal his or her identity to the public. However because this group of winners all work for the District of Columbia in the area public safety, they thought it best to collect their prize under the protection of anonymity. This lead to the establishment of the Five Duces Limited Liability Company.
So what if you win the big one, and you don’t want everyone to know who you are. What should you do? And just how will you accomplish it? According to Joyce Little, the owner of The Tax Lady Plus, “Hire a professional! My firm was hired,” said Ms.Little, to establish Five Duces Limited Liability Company. The sole purpose of the company is to function as a pass-through entity to distribute the Mega Millions Lottery winnings to each member, conceal the identity of the winners from the public and provide ongoing tax planning and advice.”
The firm also represented the lottery winners during the ceremony as seen in the photograph. In this ever-complicated tax era, Ms. Little urges that it is imperative to have top-notch tax professionals working on your behalf. The Tax Lady Plus offers an array of year round tax services, such as taxes, tax and business planning and tax resolution services.
So the next time you win the lottery, and decide that it may be best to remain anonymous, give The Tax Lady Plus a call. We are here for you.
