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| Posted by | Message | kjntgr 
LSU Fan
Baton Rouge
Member since Jan 2004
2858 posts
| Tax question (Posted on 12/4/12 at 7:22 am)
Is it risky to show that you sold a vehicle for less than you actually sold it for to help the buyer on taxes?
| | Back to top | Share on  | Layabout 
UNO Fan
Baton Rouge
Member since Jul 2011
4585 posts
| re: Tax question (Posted on 12/4/12 at 7:49 am to kjntgr)
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
| | Back to top | | TigerFanatic99
LSU Fan
Elkhart, IN
Member since Jan 2007
1298 posts
| re: Tax question (Posted on 12/4/12 at 8:39 am to Layabout)
If by risky you mean illegal, then yes, it is risky.
| | Back to top | | Tigerpaw123 
USA Fan
P'ville
Member since Mar 2007
7625 posts
| re: Tax question (Posted on 12/4/12 at 10:20 am to kjntgr)
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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