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re: Is this a loophole option?
Posted on 10/1/13 at 12:01 pm to LSUengineer12
Posted on 10/1/13 at 12:01 pm to LSUengineer12
quote:
Selling my truck personally. The buyer gave me cash. I read you can't do an act of donation unless you're directly related to the buyer (in order to avoid taxes). Can we do a bill of sale for like $100 to avoid the taxes of the real price ($5,000)?
If you want to break the law and cheat your fellow citizen, then yes.
Posted on 10/1/13 at 2:49 pm to SpidermanTUba
quote:
If you want to break the law and cheat your fellow citizen, then yes.
you mean if i want to keep more of the money i earn and not give it to people who did not earn it? that's what your saying ... right?
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