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@joshrinconn: Transfer of Assets Hack at the DMV 🚘 #LifeHack #money #taxes #fyp #cars #personalfinance
Josh Rincon
Open In TikTok:
Region: US
Thursday 11 November 2021 21:15:06 GMT
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Comments
yesyjam_ :
I work at the DMV, you’ll never imagine how many generous people are 🙄😒
2021-11-11 21:59:37
76
Avance Latino Finanzas :
This is a solid tip right here, will save you a lot of money in sales taxes 😅
2021-11-11 21:55:49
11
Thomas Nguyen :
Can u just sell it to him for 1 dollar?
2021-11-11 23:10:51
10
Tripple6__ :
everyone knows that 😂
2021-11-12 00:21:14
8
Josh Rincon :
If you give more than $15,000 in cash or assets (stocks, car or etc) in a year to someone you’d need to file a gift tax return
2021-11-11 21:17:23
7
Jason Sharp17 :
That shit don’t work in Texas
2021-11-12 02:24:58
5
Jaime Zavala :
Not in Texas
2021-11-12 02:29:29
5
Josh Rincon :
Follow me on Instagram for more tips 🤓🔥 @joshrinconn
2021-11-11 21:45:45
4
𝕮𝖍𝖆𝖛𝖆✟ :
first
2021-11-11 21:17:55
3
user1368667833683 :
you can just lie and say it 13k 😂 2021 silverado 13k its was a gift 😂😂
2021-11-12 00:06:44
3
PB_10 :
Nope not here. If you gift it then the Dmv does a kbb and sees valve and you still have to pay tax
2021-11-12 17:33:40
2
J4U :
How do ppl not kno this.
2021-11-12 06:07:46
2
House_of_Pain :
Everyone on tik tok copying each other
2021-11-18 13:28:08
2
el chiludo :
LOL I always purchase $10,000 cars for 500;-)
2021-11-12 21:02:21
2
Artefacto Norteño :
In Texas you still get taxed. Taxes are base on value of vehicle or sale price. Which ever is higher. If its a gift you pay the value tax.
2021-11-12 03:36:30
2
______________ :
then he gets into an accident and the insurance will pay out what he paid for. Insurance will pay 0 ur out 13k so don't follow blindly
2021-11-12 19:25:31
2
Alonzo Antonio :
Fourth
2021-11-11 21:56:35
2
Catalina🤍 :
What if I transfer my car to my dads name? Bc my insurance is super high
2021-11-12 08:27:10
2
aggrsve_ss1k :
🤝🤝🤝
2021-11-12 06:03:45
2
user6463737951950 :
😁😁😁Not true the check the blue Kelly book value only way around is registered in other states Montana Delaware
2021-11-12 06:04:10
2
Dale :
Orrrrrr you “sell” it to him for $100.
2021-11-27 05:58:35
1
kreaystine :
Does it have to be immediate family member? The DMV I went to last tried to pull that shit on me when my friend literally did gift his RV to me.
2021-11-14 17:41:43
1
Lexi 🤎 :
Don’t you pay gift tax too?
2021-11-12 07:20:47
1
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