A windfall gain or windfall profit is any type of usually high or abundant income
that is sudden and/or unexpected. Contents. [hide]. 1 Types of windfall gains ...
Huge profits that occur unexpectedly due to fortuitous circumstances. Such profits
are generally well above historical norms and may occur due to several factors ...
Noun, 1. windfall profit - profit that occurs unexpectedly as a consequence of
some event not controlled by those who profit from it. net income, net profit, profit,
A sudden, unexpected profit or gain. A windfall may occur, for example, after a
company announces an earnings surprise and its stock consequently jumps ...
May 2, 2013 ... You receive a call from a very excited client: your lawyer client settled a large
case. Or your client won a large judgment. Or your client won the ...
Feb 28, 2013 ... When you receive a windfall — whether it's an inheritance from a relative, ... and
gambling winnings are considered taxable income (not capital ...
Definition of windfall profits tax: Ad valorem tax or flat tax imposed on inordinate
and sudden increase in the income or profit of a firm or industry.
Mar 3, 2015 ... That's right – as soon as you're aware of your windfall, and possibly before, ...
There are worse things in life than being bumped up an income ...
It may seem like a problem you'd love to have: deciding what to do with a big win
in the lottery, an unexpected inheritance or other windfall. But, as the sad tales ...
Aug 22, 2014 ... If you have a windfall income year because you sold a business or investment,
you could potentially save tens of thousand dollars in taxes.