Cash Giveaway, Enter Daily!

Effectively on January 31st, 2024, there are new regulations in place regarding cash payments exceeding $10,000 (tax form 8300). Here are the specifics: The United States (IRS) bipartisan infrastructure bill, signed into law by President Joe Biden, requires WSN to register and report every cash payment worth more than $10,000 to the IRS and the FTC. The exact procedure for reporting may require the winner(s) to post a tax registration fee, known as a retainer fee before the release of the prize.