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09-19-2017, 03:52 PM
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#1
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Junior Member
Winnebago Owners Club
Join Date: Aug 2010
Location: new gloucester, maine
Posts: 14
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Montana LLC thoughts or experience....
Does anyone know if Montana LLC is worth exploring?
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09-19-2017, 03:55 PM
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#2
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Senior Member
Winnebago Owners Club Workhorse Chassis Owner
Join Date: Aug 2007
Location: Sonoma County, CA
Posts: 6,401
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Type Montana LLC in the green search box above and read away.
__________________
Wayne & Roberta
08 Winnebago Destination 39W Gas UFO Workhorse Chassis......It's really weird being the same age as old people. I thought getting old would take much longer.
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09-19-2017, 04:10 PM
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#3
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Junior Member
Winnebago Owners Club
Join Date: Aug 2010
Location: new gloucester, maine
Posts: 14
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Can't find the green search box
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09-19-2017, 04:11 PM
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#4
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Junior Member
Join Date: Sep 2017
Posts: 1
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Search in thread at the top
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09-19-2017, 04:14 PM
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#5
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Junior Member
Winnebago Owners Club
Join Date: Aug 2010
Location: new gloucester, maine
Posts: 14
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Quote:
Originally Posted by VegasGuy
Search in thread at the top
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No info when I search
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09-19-2017, 04:19 PM
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#6
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Senior Member
Join Date: Nov 2005
Posts: 7,400
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If you are a full-timer, it probably makes sense. If you have an existing domicile in another state--you are IMHO, attempting to avoid taxes thru deception. Accordingly, you should be subject to any and all the fines and penalties afforded under the law--choose wisely grasshopper......
__________________
Old Scout
2015 IH45 Foretravel
2003 Alpine 40' MDTS [Sold]
New Braunfels, Texas
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09-19-2017, 05:15 PM
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#7
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Senior Member
Winnebago Owners Club Workhorse Chassis Owner
Join Date: Aug 2007
Location: Sonoma County, CA
Posts: 6,401
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You don't see a green search box that says powered by google?
__________________
Wayne & Roberta
08 Winnebago Destination 39W Gas UFO Workhorse Chassis......It's really weird being the same age as old people. I thought getting old would take much longer.
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09-19-2017, 05:38 PM
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#8
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Senior Member
Join Date: Feb 2015
Posts: 1,951
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Quote:
Originally Posted by Old Scout
If you are a full-timer, it probably makes sense. If you have an existing domicile in another state--you are IMHO, attempting to avoid taxes thru deception. Accordingly, you should be subject to any and all the fines and penalties afforded under the law--choose wisely grasshopper......
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The courts have already ruled that tax avoidance in not illegal, only tax evasion is illegal. A Montana LLC is a legal entity. The LLC can purchase an RV and register it in MT without paying any sales tax and without breaking any laws. I looked into it but found out that the financing would be at corporate rates and the insurance would be at commercial rates so I just bit the bullet and registered my RV in So Dakota and paid the sales tax.
__________________
2015 Itasca Ellipse 42QD
2017 Jeep Wrangler Rubicon Hard Rock
2011 Harley Davidson CVO Street Glide
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09-20-2017, 06:33 AM
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#9
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Moderator Emeritus
Monaco Owners Club Texas Boomers Club
Join Date: Nov 2015
Location: Central Texas
Posts: 13,426
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Quote:
Originally Posted by brania
Can't find the green search box
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Search for Montana LLC and you will find enough information to keep you busy over a long winter.
__________________
Dennis and Katherine
2000 Monaco Dynasty
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09-20-2017, 06:55 AM
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#10
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Senior Member
Join Date: Apr 2010
Location: Western NY
Posts: 3,809
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There is also a new twist added to the Montana LLC that their state legislature threw into the mix. If your unit has an MSRP of more than $300,000 there is now an annual fee of $825 that runs for ten years. That negates a good chunk of any tax benefit that the Montana LLC may generate.
__________________
2018.5 Entegra Aspire 44R-Sold, 2019 Chevy Blazer-Sold. 2022 Genesis GV-80.
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09-20-2017, 07:02 AM
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#11
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Junior Member
Winnebago Owners Club
Join Date: Aug 2010
Location: new gloucester, maine
Posts: 14
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Oh ok
Have any states prosecuted for tax evasion?
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09-20-2017, 07:17 AM
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#12
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Senior Member
Join Date: Apr 2010
Location: Western NY
Posts: 3,809
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Quote:
Originally Posted by brania
Oh ok
Have any states prosecuted for tax evasion?
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I know of none that have prosecuted for tax evasion, but many have gone after the owners of the LLC's for taxes, penalties and interest. Tax evasion is difficult to prove because the state has to prove intent. That is not an easy thing to prove. However, that being said, if they do come after you for criminal tax evasion you will still have to bear the cost of defending yourself.
If you are not a full timer and you do not comply with your state's registration, residency, and sales tax laws you will be liable for the tax and all additional charges which can literally double sales and us tax. Some states, such as NY, have the law structured so that if you own an out of state LLC or corporation and you operate that vehicle at all in NY then you are subject to the sales and use tax laws.
Generally the states that are the most aggressive in pursuing sales tax violations are those that are high tax states like New York, Massachusetts, California, and others. One of my clients got caught with his Montana LLC and the final cost was way more than the sales tax he saved.
__________________
2018.5 Entegra Aspire 44R-Sold, 2019 Chevy Blazer-Sold. 2022 Genesis GV-80.
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09-21-2017, 07:25 PM
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#13
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Junior Member
Winnebago Owners Club
Join Date: Aug 2010
Location: new gloucester, maine
Posts: 14
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Thank you all for the good information. I guess we will pay the piper .
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