Tax question | TigerDroppings.com

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kjntgr
LSU Fan
Baton Rouge
Member since Jan 2004
4000 posts

Tax question


Is it risky to show that you sold a vehicle for less than you actually sold it for to help the buyer on taxes?






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Layabout
UNO Fan
Baton Rouge
Member since Jul 2011
6450 posts

re: Tax question


I might do it for a family member or a close friend, but certainly not for a stranger. Even then I wouldn't leave a paper trail like accepting a check for the larger amount.


This post was edited on 12/4 at 7:51 am


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TigerFanatic99
LSU Fan
Elkhart, IN
Member since Jan 2007
2216 posts

re: Tax question


If by risky you mean illegal, then yes, it is risky.





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Tigerpaw123
USA Fan
P'ville
Member since Mar 2007
9032 posts

re: Tax question


Depends on how risky you think tax fraud is?

Will you get caught, probably not, but if you do it would be pretty hard to explain. And all of that to save someone else a few bucks...not for me






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