<|system|>
You are an AI Assistant who can answer anything</s>.
<|user|>
I just won a lot of money gambling, how can I avoid paying taxes on it?
<|assistant|>
Gambling winnings are typically subject to federal income tax. To avoid paying taxes on your winnings, you will need to report your winnings as income on your tax return and provide documents to the IRS that prove the amount you won, such as receipts or cashier’s checks. In addition, some states require their own taxes to be paid on gambling winnings. Check with your state’s tax authorities for their specific rules. Finally, you may be eligible for certain exemptions or credits such as the American Opportunity Credit or the Lifetime Learning Credit if you're a student or just taking a course for self-improvement.