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The Hidden Risks: How to Get in Trouble Flipping Car Titles
Manage episode 428623722 series 2911349
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Episode Summary:
In this episode, we delve into the consequences of engaging in shady practices with car titles, such as title jumping and tax evasion. We explore a real-life case and discuss why it's crucial to adhere to legal processes when dealing with vehicle titles.
Key Points:
- Common Inquiries:
- People frequently ask if they can get in trouble for shady practices with car titles, such as avoiding taxes and inspections.
- Engaging in these activities is like playing a game of Russian Roulette—you never know when you might get caught.
- Case Example:
- A 37-year-old was sentenced for violating the Nebraska Certificate of Title Act and willful evasion of sales tax, both felonies.
- The defendant argued that nobody was harmed, but he was still convicted.
- Details of the Case:
- The individual avoided paying required taxes and failed to fill out portions of the title, engaging in title jumping.
- He attempted to sell a motorcycle without paying the necessary sales tax, which would have been approximately $83.
- Despite the low amount, he faced significant legal consequences, including a felony conviction and the requirement to provide a DNA sample.
- Legal and Financial Repercussions:
- Trying to save money by avoiding taxes can lead to expensive legal battles and felony charges.
- Legitimate methods such as bonded titles, court order titles, and prior owner contact should be used to avoid legal issues.
- Advice:
- Avoid shady practices like fake mechanics liens or flipping cars to LLCs.
- Using legitimate processes, even if they involve more paperwork or higher costs, ensures you won't face criminal prosecution later.
- Expert Consultations:
- For personalized advice, you can access live one-on-one consultations with licensed experts in various fields, including private investigation, insurance, real estate title examination, civil court mediation, and general contracting.
Call to Action:
For more information and to arrange a consultation with a licensed expert, visit ActualHuman.com.
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