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Get your taxes done using TurboTax
@Opus 17 - This is the direction I was tracking. Thanks for your post.
@rjs - This isn't fraudulent or illegal in any way. I believe the vehicle market value and title proves this easily. The friend I have known for many years and is a trusted, close friend who is on a multiple month long vacation (unheard of for most Americans). He wanted to purchase a car quickly upon arrival to begin his road trip around the US. Making a purchase like this is not easy if you do not have a US bank account. When you find a good deal on a car (especially in this market) you usually need to act on it with haste. He made holding deposit by credit card at the dealership then the money transferred in a few days using WISE, and I covered the remaining balance.A family member of his had an account with the same website I use to make international money transfers (WISE). That family member owns a business registered as Pty Ltd in Australia thus the account is marked as such during the transfer. Now there are a number of other ways we could have done this that would have looked "cleaner. " In hindsight I wish I thought it through more but now I am trying to do the right thing and make sure there are no tax consequences. Most tax professionals I have sought out are ignorant to international queries like this and I have not found any good referrals. I have nothing to hide which is why I am seeking open advice on the internet.