Safest way to accept payment in a car sale
It looks like I have sold a car and the buyer wants to pay me cash when he picks it up. I don't want to do that since it will raise a flag with the IRS when I deposit it in the bank as far as I know. I am not making money on the sale, I just want to avoid a hassle. I have done this easily in the past when the buyer and I used the same bank but that is not the case this time.
What is the best non-cash way to accept payment and immediately release the car without taking a risk of getting a fake cashier's check etc? I've already been Keislered once this year.....
Thanks,
Don
Last edited by dhutton; 05-10-2014 at 04:11 PM.
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