Originally Posted by 3aficionado
So much misinformation in this thread. Its obvious the people giving the advice know just enough to be dangerous but not enough to be helpful. Instead of wasting my time fixing all the legal and accounting mistakes posted so far I will simply tell you to be careful with any large transaction if you havenít claimed this money in the past (no matter its source or current location). Check with a CPA or tax attorney of you are concerned. Depending on the amount and how the money was obtained you want to be careful as to how it is spent. Safest bet in these circumstances is always lease.
i just reread the original poster, and he said he gets paid under the table... I thought he was trying to buy the car under the table.
If you get paid under the table and want to make a large purchase... um... good luck.