[TXSS]

My suggestion is to do what I did. If you are buying, selling and/or restoring a number of cars every year, spend 500.00 and set up an "S" Corporation. That gives you the means to track ALL your expenses associated with your car dealings from your labor to health insurance. Any profits made on the cars are taxed at your standard personal tax rate. Per the US tax code you can virtually live out of an S Corp legally, plus currently only about 1.3% of S Corps are audited. However, S Corps are such a sweet deal compared to Cap. gains tax you don't need to cheat, I know I don't. Really I don't.

Also, transfers of large amounts of cash in an S Corp is a non-issue if you are not involved in illegal activities. Plus with a wire trans you can see where the money went. With a cashiers check once it's in the mail it can go anywhere in the world. It's much easier to track down a bad egg if you have his bank account number

Rick