Department of Taxation Special Audit - Questionnaire Regarding Title Transfer? What is this?

They send this to the seller and buyer, and ask how much you paid for the car.

Then they match the two, and you had better make sure you both put down the same price. If not, the tax dept. starts investigating for tax fraud because you declared a lower price than you paid to save on taxes.

I have actually received a call from a seller once, saying "what $ amount do you want me to put down"? He just wanted to make sure that if I under-declared the selling price, he was putting down the same amount.

If you declared the right price when registering the vehicle, you're fine. If not, you might want to call the seller NOW and make sure your stories match!

By the way, you'll have to sign the form, right under where it says "by penalty of law.... false statements... sending you to pound me in the @$$ federal prison... penalty for perjury... etc".

So you will get nailed (pun intended) if those numbers don't match!

I have the same issue. Can you please tell me what happened with you? and what I have to do?

Hi

I too got the same letter this week. Could you please tell me what you did and what happened with you. Thank you in advance.

 

Hi

Kindly let me know what you did and what happened to you., I too got this letter and i am tense. Thanks in advance