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The Ramsey Show Highlights

Lie for Tax Reasons?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 28 May 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:06.6

I am selling a recreational vehicle that I own, a private party.

0:12.8

And the interested buyer, she came out, looked at it, loved it, wants to buy it.

0:18.8

And in our conversations, she has asked if I would be willing to say on

0:26.0

paper a lesser amount than I am actually going to be receiving for the vehicle. So my question is,

0:34.1

you know, as the seller, is there a risk to agreeing to this? Why? Why? Why? Is she asking?

0:42.4

Yeah. What tax purposes? How do you feel about it? Um, does it bother you that someone's asking you to lie for them?

0:57.3

Um, yeah, it does, you know, it gives me pause for sure. And I just, you know, I, if, if I were to agree to this, I just, I don't know what the possible ramifications would be.

1:12.2

So you're more concerned about would you get caught?

1:16.7

Or whether, you're more, listen, it sounds like you're more concerned about whether you would get

1:21.4

caught as opposed to whether this is wrong or right. And I think that's what's giving me

1:25.3

pause. Okay. You tracking with me? Yeah, yeah.

1:31.6

So morally, no, you're lying. No, I would say no, don't do that. That's telling a lie.

1:38.4

And who cares if you could get away with it or not? Morally speaking, that's a lie.

1:47.9

Yeah. Okay. I mean, sounds like you might do what you want to do on this, but since you asked us, it's a lie. I wouldn't do that. And it's weird

1:53.9

to me that, is this somebody that you know or this is just a stranger? It is a stranger. Yeah.

2:01.3

I know.

2:03.5

Okay.

2:04.6

And let me tell you what I would also say, Rachel, is I would look at the person and say,

2:10.8

and I won't lie about this and everything I've told you about the RV is true also.

2:19.7

Because I wouldn't lie about it either and so you should feel really comfortable buying this because I haven't misled

...

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