No, the math is still fuzzy. If you add up all their valuations on my vehicles, it comes out to less then $30K. The actual street price of all the vehicles I own combined is probably around $80-90K.
Originally Posted by RAW0330
Example, my Porsche and Mercedes are extremely under valued, but my Suburban is over valued. I also have a trailer, which they valued at $100. The excise bill for that one is $5.
There's also a note on the bill about how failure to pay can result in 12% interest.
Can I deduct any of this that I paid in early 2010 on my FY10 tax return?
Samuel C. Lurie - Owner/President
The Beantown Sound - Professional Disc Jockey Services
2011 Ford E350 Quigley 4x4
2006 Mercedes S65-AMG
2002 Porsche 996TT