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    PATCAR's Avatar
    PATCAR Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 13, 2013, 10:03 AM
    Ask an USA accountant free
    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's Avatar
    smoothy Posts: 25,490, Reputation: 2853
    Uber Member
    		  
    #2

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

    You can't avoid them.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

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

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