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Old 05-24-2006, 02:56 PM  
seeric
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Join Date: Aug 2004
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Quote:
Originally Posted by DatingGold
Do it, it's much nicer.

I paid cash for my Ferrari so I can sleep better and not worry about a huge payment or anything. It was $360k so I just took $720k and put half aside for the IRs and the other half took to the dealer.

Also I wouldn't pay in actual cash, cause anything over like $5k cash they have to report to the IRS and that's a major flag and that = audit

If you have your own company you can put that Cadillac under it and write it off too!

thats my advice!
yeah i have a co. this is what i will do for sure. cpa told me about all that write off stuff too. thanks everyone good info again.
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