Is there a divorce involved with this car? I purchased a car where I sent a $35K certified check as a deposit, once the check cleared I went and picked up the car and paid the balance in cash. The seller told his soon to be ex that he sold it for the check amount which she didn't believe and her attorney sent several threatening letters trying to get me report the sale amount, because I was out of state it's not legal for them to do that, but it took a phone call from my attorney to hers to make them go away. Something is fishy with this deal, I would be very cautious.
Seller just wants to keep it out the realm of the IRS, it's that simple.
It's not responsibility to make sure they report the sale on their tax return. I have to register the car with the BMV at which point I will pay the state sales tax based on the bill of sale.
Brian Hobaugh SCCA National Tour June 2014
First Hemi 'Cuda Convertible Ever Built
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