Montana LLC

msmith1199 wrote:

Billinwoodland wrote:
My wife and I are getting ready to pull the trigger on our first A. We live in CA. I have looked at various options to limit my tax liability in CA, and have had a meeting with my accountant about the issue. Here is the bottom line. I am happy to pay my fair share of taxes. The problem is that that "fair share" has gotten so high many people (like me) explore legal alternatives to limit that tax liability. Simply put, I pay a ton in taxes and am still in CA because I am still working. In the end, I suspect I will just take the dive and write one more big check to the big spenders in Sacramento.

California has tightened up on the laws and if you live here and have a California DL it is very difficult to legally avoid the taxes.

California has closed all the loopholes. It is virtually impossible to have a MT LLC, live in Cali and be legal.

Just a bunch of Elcheapo people who do that. Bet you'd ***** if they cut down on the police answering calls and charged you $1000.00 a year for ambulance and fire dept. It's called fraud and it's also Insurance fraud and is a federal crime so if convicted you can loose you right to vote, carry weapons and do a lot of time in jail. If I saw you do it I'd probably ask the government if they knew but wouldn't tell.
Here's news also. I owned a trucking business and know all the ins and outs of LLC and you'd better be legal if something happens.

ms,
You mean that the Prevost pulling the pimped out Escalade can't camp at the Walmart north of Kimberling City, MO on Table Rock Lake? What a shame that would be.
Randy

Billinwoodland wrote:
My wife and I are getting ready to pull the trigger on our first A. We live in CA. I have looked at various options to limit my tax liability in CA, and have had a meeting with my accountant about the issue. Here is the bottom line. I am happy to pay my fair share of taxes. The problem is that that "fair share" has gotten so high many people (like me) explore legal alternatives to limit that tax liability. Simply put, I pay a ton in taxes and am still in CA because I am still working. In the end, I suspect I will just take the dive and write one more big check to the big spenders in Sacramento.

California has tightened up on the laws and if you live here and have a California DL it is very difficult to legally avoid the taxes.

My wife and I are getting ready to pull the trigger on our first A. We live in CA. I have looked at various options to limit my tax liability in CA, and have had a meeting with my accountant about the issue. Here is the bottom line. I am happy to pay my fair share of taxes. The problem is that that "fair share" has gotten so high many people (like me) explore legal alternatives to limit that tax liability. Simply put, I pay a ton in taxes and am still in CA because I am still working. In the end, I suspect I will just take the dive and write one more big check to the big spenders in Sacramento.

Effy wrote:
I feel a sense of obligation to pay the taxes in the state in which I live. Not to mention I am legally bound to do so. I might consider it if I were full time as it makes perfect sense to register in the state with the most advantages.

I don't think anyone here is advocating not paying all the legally required taxes to the state you live in. But I, for one, am not eager to pay any more taxes than I am required to. If there are legal mechanisms for reducing the amount of taxes I have to pay, then I will use them and see no reason not to.

Let's not be naive, rich people and corporations use every possible loophole that they can to reduce their taxes. They would be foolish not to and a corporation's shareholders would be upset if they didn't. That's exactly why some corporations are transferring their headquarters overseas; if the law permits it then they would be remiss for not taking advantage of it. If reducing taxes through legal means upsets you then urge your legislators to change the law.

Thanks to those who sent me the recommendation for Bennett. Much appreciated.

mowermech wrote:
and again:
KNOW the applicable laws in YOUR state.
COMPLY with those laws.
DOCUMENT everything you do to COMPLY with the laws.
...and you will have no trouble, and will not be arrested.
It really IS just that simple!

My fellow RVer from Billings and I are usually on the same plain with this one. It is simple and it is legal if you comply and document your compliance with the laws of your state. If you don't comply and document that compliance you are in deep doo-doo and you will pay the price.

Contrary to what many would think an LLC is not a business, but an asset protection tool. Having an LLC does not change your driver's license or loan status.

and again:
KNOW the applicable laws in YOUR state.
COMPLY with those laws.
DOCUMENT everything you do to COMPLY with the laws.
...and you will have no trouble, and will not be arrested.
It really IS just that simple!

docj wrote:

wa8yxm wrote:
I recall an old song that applies to these threds: Skip A Rope

The verse that applies:

Cheating on your taxes, don't it feel cool
What's that you said about the Golden Rule
Forget the rules just play to win
And hate you neighbor for the shade of his skin
Skip a rope

Skip a rope
Listen to the children as they play
Ain't it kind of funny what the children say
Skip a rope


That was popular around 1970 give or take a few years.

To those who would like to imply that there is something wrong with LEGALLY keeping your taxes as low as possible, I offer this quotation from the noted jurist Learned Hand:

"Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes.

Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands."

That may be true but living in one state and forming an LLC in another simply to avoid the taxes rightfully due in the state in which you live can be construed as illegal if the law finds it that way. I am sure there are justified reasons for an LLC such as this, full timing comes to mind. I think prudence is the best approach here. If you do it legally then you are right. I think the point that ruffles peoples feathers is that it's often done simply as a tax avoidance tool when it's not really justified. In which case it's abuse or simply breaking the law. If you live in a state that has a high rate of taxes for a luxury item like a motorhome and you want to avoid paying them, this tool can be used. But, many states impose term limits on time in state if your MH is not registered there. Right or wrong can be determined by facts of the laws governing the state you live. Anything else is moral conjecture and not legally applicable. I feel a sense of obligation to pay the taxes in the state in which I live. Not to mention I am legally bound to do so. I might consider it if I were full time as it makes perfect sense to register in the state with the most advantages.