Avoid paying big sales tax? By redroush00 (Read 412 times)

[redroush00]

I want to get a registration only plate for my scoot. The tax collector says i have to have MCO and bill of sale showing sales tax was paid.. The bill of sale says 1300.00. Obviously id like to get that down a bit. What are my options?

The original title came in my wifes name. What if she gives it to me for free? Is that an option?

[LUKE]

you need a letter from your wife or anybody that will prove that it was indeed given, i believe there is a blank form available in MVD. needs to be duly signed by the giver.

[Alleyoop]

No, that will not work, the title itself has to be signed and the amount of what the sell was for.
So what you do is buy the scoot from your wife for say $100.00 bucks and that is what you put on the title so then the title will be in your name. You do not want to play games with the IRS you will wind up paying more in the end because they will tack on penalties.
Alleyoop

[sumdawgtwigg]

Here in VA they ask a lot of questions when the sale amount seems too low. It can turn into a real hassle.

[Alleyoop]

You got it, and if they are very thorough they may find that the WIFE owes taxes when she purchased it(HAHA) and get on her case or have the current buyer pay the back taxes owed even after the title is in the new buyers name.
Alleyoop

[jct842]

So often that stuff comes back to bite you. In Mo. I have heard of getting stuck with tax from date of mco untill 3-4 years latter when a 2nd or 3rd owner goes to get plates.

[rapidjim]

Since your wife was the original purchaser on the MCO, did she get a State title in her name? MCO's are only transferable between dealers, so if she didn't, then she needs to get a State Title in her name before she can transfer it to you. The MCO is not a title, it is the document on a new vehicle that the State Title is made from.

States can be very nasty when it comes to taxes, esp on real property, like vehicles and homes. That is why most States require a bill of sale. I do title work and registration for the State of Wisconsin and believe me when I tell you that they do look at the price. Wisconsin does not require a bill of sale for title transfers, however they do require a purchase price. If it looks fishy, ie. price to low, they will check on it. I personally have had the State DMV write me a letter asking what the price was of a truck that I had privately sold. If you lie on a title transfer in this State, it can result in your registration being revoked, your Drivers Lic suspended and the possibility of being charged with tax fraud.

[davec]

I got an idea:
Do the right thing the right way.
Take the MC Course, get registration, plates and ins.
Illegal shortcuts are for thiefs and liars.

[novaraptor]

This is so very much a state by state issue. Hope someone in your state can give you the best answer. Where are you?

[LUKE]

if you live in California,forget it!!, nothing gets approved in California, they have the most strictest rules in smoke belching,titles, registration etc. name it! a lot of scooters are being sold in AZ because they can't get it to register in CA...shoot! what do they think of themselves? GOD??!!!