Here’s something you don’t see every day. The IRS is auctioning some guaranteed California lottery payments tomorrow (gotta act fast for this one) in a seized property auction. Details below:
Description of Property: Guaranteed California Lottery Payments
Payable as follows:
$ 19,999.98 net on or around 12/05/2014
$ 19,999.98 net on or around 12/05/2015
$ 19,999.98 net on or around 12/05/2016Encumbrances Note: None senior to Federal Tax Lien
Minimum Bid: $ 24,000.00
So is this a good deal? It’s a pretty straightforward present value problem, but you’d have to do some sensitivity analyses around some key assumptions (discount rate, tax rate, etc.) to figure out how much your maximum bid should be. How about it?
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