Transferring title question.

[charlygal]

Originally Posted by Redraven

Please quote chapter and verse where the IRS has any interest whatsoever in when or how one transfers the title to their vehicle!

The IRS is concerned about concealing income via title floating.

Then there is the potential fraud of being an illegal car dealer.

[HereIsMyUserName]

Originally Posted by Redraven

Please quote chapter and verse where the IRS has any interest whatsoever in when or how one transfers the title to their vehicle!

In some states you pay the sales tax on a new or used car purchase after the title is signed over to you and you register it in your name. If the seller signs the title, but the buyer waits a certain amount of time then signs and transfers the title, there is an additional fee they'll have to pay.