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Started By
Message
ATV sales/ registration
Posted on 7/12/13 at 5:54 pm
Posted on 7/12/13 at 5:54 pm
I live in MS
I own a 4 wheeler that I am signing the title over to my dad who lives in LA.
He insists on getting a tag for it because of frequent road blocks crossing state lines and pops has always been a letter of the law type guy.
Is he going to have to pay sales tax to get a tag for it because of the trasfer of title and diff states?
TIA
I own a 4 wheeler that I am signing the title over to my dad who lives in LA.
He insists on getting a tag for it because of frequent road blocks crossing state lines and pops has always been a letter of the law type guy.
Is he going to have to pay sales tax to get a tag for it because of the trasfer of title and diff states?
TIA
2
Posted on 7/12/13 at 6:43 pm to Purple Spoon
Not sure, by do a action of donation. Just maybe he will get away with paying taxes.
Or, sell it to him for $100 as is. DMV will not know what shape it is. He would have to pay taxes for $100, about $9, plus title fee.
Or, sell it to him for $100 as is. DMV will not know what shape it is. He would have to pay taxes for $100, about $9, plus title fee.
This post was edited on 7/12/13 at 6:46 pm
Posted on 7/12/13 at 6:51 pm to fishfighter
Can't a family member do a donation to another family member if its under a certain $$$$amount each year without penalty.
Then he would just need the bill of donation to prove he owned it. Might be different for a movable item but that's how it's done on land.
Then he would just need the bill of donation to prove he owned it. Might be different for a movable item but that's how it's done on land.
Posted on 7/12/13 at 7:01 pm to bulldog95
quote:
Can't a family member do a donation to another family member if its under a certain $$$$amount each year without penalty.
Yes
quote:
Then he would just need the bill of donation to prove he owned it.
This.
quote:
Might be different for a movable item
No difference then
quote:
that's how it's done on land.
Problem is crossing state lines. I don't know if in Mississippi they pay any taxes on offroad bikes up front.
Posted on 7/12/13 at 7:40 pm to Purple Spoon
I would like to piggy back this question, why can't you underreport the price paid for an atv between parties when you go to register it?
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