The Saving Advice Forums - A classic personal finance community.

Settlement Coming My Way

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #31
    Originally posted by DaveInPgh View Post
    Obtained from a simple Google search:

    "When a car flipper buys a car he is the new legal owner. EVERY state requires the flipped car owner to register the vehicle, obtain a new title and pay fees and taxes. To not do this is tax evasion.

    When an individual or business sells vehicles for profit they must also pay state and federal income taxes on their profits. To not do this is tax evasion."
    Yes, I know this.
    Home Auto Forums - Home Automation Forum

    Comment


    • #32
      Originally posted by ComponY View Post
      Yes, I know this.
      Might I suggest a good book for you to read?

      Comment


      • #33
        Originally posted by DaveInPgh View Post
        Might I suggest a good book for you to read?
        Haha! Well besides your suggestion that actually made me laugh (funny guy here), it doesn't really matter what I'm doing in the mean time I suppose. All I'm waiting for is my settlement, and then will go from there.

        I need to focus on what I'm doing to do with the money, rather than arguing about how many cars I sold this year.
        Home Auto Forums - Home Automation Forum

        Comment


        • #34
          Originally posted by ComponY View Post
          Haha! Well besides your suggestion that actually made me laugh (funny guy here), it doesn't really matter what I'm doing in the mean time I suppose. All I'm waiting for is my settlement, and then will go from there.

          I need to focus on what I'm doing to do with the money, rather than arguing about how many cars I sold this year.
          I am not arguing with you. I was just sharing information with you regarding the legality of your past and future business practices. Prior to your last post, there was no indication that you were aware that you broke the law.

          Comment

          Working...
          X