John S asked:
My friend has recently won a fairly large amount playing a slot machine (let’s say it’s more than $15,000)–a lot, but not hundreds of thousands. She is a full-time student, and normally doesn’t have an income. How much, percentage wise will she be expected to pay to the IRS?
I’m guessing it will be reported as income, right? (Casinos don’t handle the taxes, do they?) She wants to do this by the book. She has no intention of incurring the IRS wrath(!)