Taxed to Death: How eBay's "Losing" Lottery Tickets Expose a Bigger Problem The phenomenon of people buying worthless lottery tickets on eBay as a way to offset their tax liabilities has raised eyebrows.
At first glance, it seems like a clever strategy for those who want to avoid paying the IRS its due share. However, scratch beneath the surface and you'll find a more complex issue at play.
According to Jeffrey Hoopes, a professor of accounting at UNC's Kenan Flagler Business School, this practice is nothing short of tax fraud.