The Hoffmans pleaded guilty on February 3, 2012 to one count of tax evasion.

I was persistent when I felt @Ali Boonewas being evasive and even said the post I was referring to may be from someone else named Ali Boone.

It’s not too complicated for the IRS to comprehend, it’s basic tax evasion. 

Those with notes that are either floating at a (negative) delta from prime or fixed within 1-point of prime have been evasive in their responses.

title company will want an EIN or SS and will send their forms to the IRS and report the sale.. its up to the seller to then report on their income tax's.. now if these guys/gals are just going to pass cash and do their own recording  .. then again its up to the seller to report this on their income tax's.. if they dont then of course thats tax evasion etc.. 

I have no idea how likely this scenario is, but since intentionally not declaring income is considered tax evasion, I believe, I wouldn't think it's worth the risk of opening that whole can of worms.

It also sounds like you are venturing into a gray area of tax evasion, which is fraudulent. 

@George P. my thoughts are that this "trick" can land you in jail for tax evasion. 

Most governments take tax evasion seriously.

I'm not trying to be evasive.