<prompt> Human: First post ever, please try to be kind! The owner of a business in VA she runs it from FL wants to sell me a business for 10k. For tax purposes, she wants to claim I only paid 2k for it. What kind of trouble can I or her for that matter get in for this? I told her I plan to claim the exact amount I paid at the end of the year, and if she gets in trouble then so be it. I am an honest person, pay my taxes, and do not plan on getting shit from the IRS, no matter how insignificant. I hope this all makes a bit of sense, dont hesitate to ask questions.  <response>: I told her I plan to claim the exact amount I paid at the end of the year, and if she gets in trouble then so be it.Thats all you can do. If she misreports the amount of income to the IRS, it is on her. You cant get in trouble so long as you report things correctly. 