Recalling things and stuff

"whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU" (whiskey-business) 03/03/2015 at 21:02 • Filed to: None

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Maybe this says more about sellers on the list of Craigs than anything else, but every car I've bought, they've written a tiny amount (sub $100 range) as the sale price on the title to save me having to pay full sales tax, some despite my pleas to be honest. I have remedied this by informing the SOS of their error, and paying the full, proper amount to avoid tax evasion. A couple hundo isn't worth federal prison to me. Has anyone else experienced this type of dishonesty/pushyness from sellers to under-report the sale price?

Have the cars I've bought off CL (albeit in nicer condition than mine.)

(Owned for literally 10 minutes, charging system failed catastrophically when pulling out of seller's driveway. Luckily, he took it back with minimal bribery.)

E. Julius > whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU 03/03/2015 at 21:05

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I've witness writing it down by a bit, like putting $1000 instead of $1300, but never sub $100. That seems pretty foolish.

XJDano > whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU 03/03/2015 at 21:14

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I bought my brothers R1 for $2.

It was more of changing hands, keep it away from his fiancé ( out of sight out of mind).

Had to get a motorized bill of sale, told the bank lady and she told us a similar story.

dogisbadob > whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU 03/03/2015 at 21:21

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Usually the sellers just leave it blank and let you fill out whatever you want. If the DMV finds the value too low, they'll try to question you on it, send you some form to explain the low price, like the car was in poor condition or something, or to otherwise write an alibi.

Even then if they don't like your story they'll just charge you tax based on the book value. And I've never heard of someone going to jail over understating the value, and no federal time because there's no national sales tax.

Your boy, BJR > whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU 03/03/2015 at 21:56

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Wait what? You PLEA to pay more money? Damn shit gets weird in not-Jersey.

whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU > E. Julius 03/03/2015 at 22:21

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That makes a lot more sense, maybe I'll suggest that next time.

whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU > XJDano 03/03/2015 at 22:22

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Couldn't you in that case list it as a gift?

whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU > dogisbadob 03/03/2015 at 22:24

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In my case the sellers were quite insistent that I write a value much lower than the one I paid. Even though the consequences might not be so dire, I just would rather pay the tax to avoid inconvenience.

whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU > Your boy, BJR 03/03/2015 at 22:24

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Shit is always weird in Detroit :P

XJDano > whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU 03/03/2015 at 22:59

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My parents looked it up once for a camper they had given to them, cheap pop up.

You can only do a no taxable gift from one person to another ONCE IN A LIFETIME, so why waste that on a bike or camper.

I'll look it up and see if I can confirm that.

dogisbadob > whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU 03/03/2015 at 23:05

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Now I'm thinking they might be curbstoners not wanting to report the sale as income or something. Best guess I can think of.

whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU > dogisbadob 03/03/2015 at 23:06

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That could very well be. I think I need to be more aware of who I'm buying from.

XJDano > whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU 03/03/2015 at 23:12

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Ok, I stand corrected.

Someone has to pay taxes on it, might as well be for $2 Or something. I may be interpreting that wrong though.

whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU > XJDano 03/03/2015 at 23:20

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Gotcha, I wasn't sure about all of this tomfoolery before. I appreciate you putting in the time to clear it up.

Eric @ opposite-lock.com > whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU 03/03/2015 at 23:49

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My first private party purchase (through CL, of course), put down a pretty small amount for the car to save me on tax. It screws you if you don't truly accept it as-is, but the people at the CA DMV didn't question it in the slightest. The most recent one was by the books and I paid a shitload of tax on it, which sucked, but doesn't bother me that much.

If you're going to take advantage of the tax laws, why not go all-out? The car I bought was gifted to the guy I bought it from, so he paid zero tax and didn't even need to register or change the plates. He could have just gifted it to me and nobody would have been the wiser. It would have even been good for the environment since I'd still be using the original plates...

Then again, paying sales tax on something like that periodically instead of paying income tax saves me tons, so I really don't mind paying.

whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU > Eric @ opposite-lock.com 03/03/2015 at 23:57

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Didn't think about how as-is implications worked into all of this, that's very interesting.

XJDano > whiskeybusiness NOW A DANGER TO CROWDS NEAR YOU 03/04/2015 at 07:07

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Well that is for Missouri. Your state may be different.