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Not paying taxes on a new car

Discussion in 'Business & Tax Advice' started by jakesnakemon, Oct 26, 2015.

  1. jakesnakemon

    jakesnakemon Registered Member

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    Occupation:
    Day labor and IM
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    Denver, CO
    Is there any way at all to not pay taxes on this car my friend has had for 6 months? Uber? Lyft?
     
  2. AlphaRacks

    AlphaRacks Junior Member

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    Is the car owned, financed or leased?
     
  3. Silvslava

    Silvslava Registered Member

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    Why you don't want to pay tax dude! It is not only illegal but also very ethical behavior from your side. My humble suggestion, you should see the law of your country on this issue.
     
  4. spazy2

    spazy2 Newbie

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    i would pay the taxes... they are not that much i mean in my state my wife and i bought a $26k car and paid i think $1300 in taxes.... only small percentage of the cost of the car...
     
  5. Euphorix

    Euphorix Supreme Member

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  6. asap1

    asap1 BANNED BANNED Jr. VIP

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    Just pay the taxes, it will save you a whole damn lot if you ever got caught up in any trouble.

    I read a story how a billionaire was hiding like a few hundred million (I think 200m) in off shore accounts.

    The IRS found it all and after all the years hiding the money and not paying taxes on the money the IRS adds penalties year after year.

    After all was said and done he went from a billionaire to broke just because he didn't want pay taxes on a few hundred million.

    Moral of the story. Pay taxes
     
  7. JimBean04

    JimBean04 Junior Member

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    I agree, always pay your taxes and do everything legally
     
  8. LoftPower

    LoftPower Elite Member

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    Did he get the car as a gift? Then taxes would not have to be paid on it.