View Single Post
      01-16-2012, 05:54 PM   #59
dagolfpro
Lieutenant Colonel
dagolfpro's Avatar
Taiwan
30
Rep
1,910
Posts

 
Drives: 2011 E90 M3
Join Date: Sep 2011
Location: SF Bay Area, CA

iTrader: (9)

I believe anytime you make a cash transaction over $10,000, the retailer needs to report it to the IRS.

http://www.irs.gov/businesses/small/...148857,00.html

So, the red flag should have gone off to the OP that he didn't have to fill out any IRS form when he gave the finance manager the cash. As for the duffle bag comment, $20,000 in cash, it is simply 200 Benjamin's.

As for an actual receipt, the contract is your receipt as long as it's stated the $20,000 cash was written on the document and paid at the time of purchase.

OP, if they are not returning you calls, you need to drive 1 1/2 hours with your lawyer to the dealership. If not, then it's your $20,000 loss.
__________________
2011 E90 AW | DCT | ZCP | ZCV | ZCW | ZP2 | Prem Sound | Moonroof | BMW Apps |
Evolve Exhaust | M Perf Steering Wheel | Tint | Lux | Painted Reflectors | Hardwired V1 | KW V3 | Volshlag CP | Brembo BBK | 18" Volks TE37SL Pressed Graphite | Yokohama AD08 | Schroth 4 Point Harness | Challenge GT Diffuser | I lied earlier, I wasn't done with mod, but I swear, I'm done now, no more mods...