Montana LLC Re-Visited
Hi guys, I recently spoke to someone who became a full timer and the conversation was interesting. He told me that he sold his home in New York and set up a Montana LLC. He then purchased a new MH...
Forum Discussion
Executive wrote:
Remember too, the key words there are FULL TIMERS....full timers can, with certain caveats, dictate their intended State of Residency. The Feds, look to see where you bank, your DL, where you vote, and many other items to determine your intended State of Residency. If you only use the Montana LLC to avoid taxation, you could find yourself in a world of hurt...do your homework, follow all the instructions to a TEE, and you'll probably be ok. We chose South Dakota because it's RV friendly, low sales tax and no income tax. But we vote there, bank there, have Dls from there etc. even though we don't own property there....Dennis
This doesn't fit, Dennis. I've owned coaches for 27 years licensing them in up to (5) different states, owned property in several states, and no Feds looked at me, my DL, my banking, where I vote, etc.
You own property in AZ., IIRC, so how does that work? Seems to me that AZ. is your domicile state, and should be paying their state income tax - so why are you feigning SD with all your particular legals?
