I doubt Dreamz will have that truck past April ‘08. Even if he can afford to put plates on it, buy insurance, and fill the tank with gas, I suspect he’ll end of having to sell it to pay the income tax he’ll owe the IRS. The truck will probably end up putting him in a financial bind that he hasn’t anticipated.
Here’s hoping you’re right.
But doesn’t he have to pay taxes on the 350 just to get it? I have always thought that any prize one wins on a game show, taxes are owed on that prize before you take possession of that prize. All the other stuff you mentioned would be a later and seperate issue.