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PATCAR
Mar 13, 2013, 10:03 AM
I am being bought out of a rent stabilized apartment. Can I have the payment made out to my mother - who is a senior. I was told that seniors would not have to pay the capital gains taxes? She also lives with me but is not on the lease. Can I have the landlord payy me in cash to avoid the tax issue.

If I have the check made out to the lawyer will he incur penalties? Can I have it made out to a friend who is a senior?

Thank you.

smoothy
Mar 13, 2013, 10:07 AM
Just pay your taxes... they are owed.

You can't avoid them.

AtlantaTaxExpert
Mar 13, 2013, 02:36 PM
Smoothy is being nice.

Everything you are talking is TAX FRAUD. People go to jail for that.