Like references on using this opportunity (it isnt a loophole, its simply how the law was written to benefit wealthy people). You really need to go with an agent and carrier who understands the luxury and high-value car market, and who knows how to write these policies up so that theyll stick. That way, your state Revenue Man cant argue that your LLC is a shell corporation used solely as a tax dodge. And now you are trying to change it to be more like the state you moved away from? What business do you actually conduct in Montana? Drivers who want to use the Montana LLC technique should be very careful when insuring these cars. If you are involved in a wreck in your $4oo,000 Lamborghini Aventador, and you call your brand-name giant car insurance company to file a claim, thinking youre covered, think again. Oregon has also enter the tax battle as they substantially fined and shut down an agent who was creating LLC's in that state which also has no sales tax. Thats why we have written our RV Buying Secrets Guide. Some of you are going to try anyway. And that arguments probably a loser in court. 1 permit for all of the states & provinces you operate in, not 50+ permits. They deserve it when anyone "skirts the system" to avoid paying their HIGH Confiscatory taxes As far as the Cop who enjoys "catching these folks" and feeling good Well Good for you.. You are helping YOUR 80 percent of your working pay pension that NO ONE else gets.Thank you very muchNo wonder the State is going broke.. Montana vehicle registrations are yearly. A luxury sedan or sports car, on the other hand, is much more easily hidden than an RV. So they can make a bunch of noise about it, but in the end they will not be able to stop it. Thats how the Montana law firms insist you can avoid high registration fees. Call your local taxing authority and ask. Forming an LLC does not create a business nor does it create a corporation. iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? They brought along their Texas vehicle registration, proof of insurance, their unexpired California driver licenses and other proof of required identification. Or maybe you can give others some advice? It certainly isnt for everyone. Oregon) and the owners of the vehicles are California residents. Thank you for our RVing community and this forum. With specific questions like yours, we recommend you reach out to legal counsel directly so all factors can be considered in the discussion. Posts: 173. Cute custom license plates attract attention and can get you into trouble. In a deliberate break with their home state of California, they sold their property and bought an RV. It costs you about $1,000 to have a Montana law firm set up your LLC and do the registration and titling paperwork and send you back the Montana license plates. !The state of CA considers this RV a commercial vehicle and must have a IFTA sticker,thats a fuel tax stamp, thats is obtained in the state you are registered in. I travel with a motor coach and jeep both owned and registered by the same Montana LLC, my drivers license is from a state other than Montana, I have a rental agreement from the Montana LLC for the motor home and the jeep. Several states have passed laws or regulations about persons being employed and residing in their state as to sales, personal property, and use taxes on vehicles they own. California is aggressively going after both kinds of people now. So, if you truly want to leave your cares behind when you choose the full-time RV lifestyle, I recommend staying informed and remain certain that you are following the proper procedures to avoid future legal problems. And I live in high taxing Michigan. The only way I can think of this working out would be if the LLC owned the motorhome and then leased it at below market rates to the person in the high tax state. And when they get to the office, they will call their buddies at the Montana Department of Motor Vehicles and the Department of State and have them pull your information from your Montana LLC filing. Our wills were last done in 2017 as I prepared to retire. Best of all it's totally FREE! Thats $36,000 that stays in your pocket. 2023 MOTORSPORT NETWORK. Unlike the mass market insurance companies, our carriers know the deal, and our agents know the right questions to ask to make sure youre getting the insurance protection you need. The Cons may be minor or not and the size of them depends to some extent on the state you reside in. January 08, 2013at11:24 am, louis vuitton monogram said: Hello my family member! A Montana LLC vehicle registration is an option some out-of-state residents choose in order to purchase a vehicle without having to pay sales tax on it. Recently the Georgia Department of Revenue decided to start cracking down on exotic car owners registering their cars in Montana to avoid taxes. And then title their newly-purchased vehicle in the Montana LLCs name. As Dianne drove through Washington State, she didnt realize she was in a speed zone. Javascript must be enabled for the correct page display. Forming an LLC in Montana is simple. As we mentioned, the CHiPs are out in force, looking for this specific circumstance. An LLC, or limited liability company, is a business structure that can combine the best features of a corporation and a partnership. Usually it is a cheater that got tagged for their avoiding what is rightfully owed to a state. Ready for a quote? Even if the law is on your side, if your state doesnt think so, you can spend way more in legal fees fighting it than you saved. http://www.foretraveloftexas.com/list-inventory.php?category=New, FREE RV Packing List (PLUS 3 Best RV Checklist Apps), Roadschool Classroom Supplies & Organizers for Your RV. Just wait til it's FREE!!! So what, you live and work in California and you are cheating the system. It goes down about 17% a year after the first, so it doesn't take too long for it to get to reasonable levels. While Montana maintains that an RV is not a commerclal vehilce per se, in most states vehicles owned and used by businesses are considered "commercial" vehicles. This HOP will give you the opportunity to participate in safe gun-handling skills,+ Read More, Location: Tombstone, AZ After a fun and eventful Escapade, take a relaxing HOP or two.Let us do the driving; sit back, relax, and enjoy!Board a luxury motor coach with a+ Read More, Copyright 2021 Escapees, Inc. All rights reserved. But are you actually protected? In December 2007, a man named Robert Thomas bought a $351,800 RV at the Dixie RV Super Store in the city of Hammond in his home state of Louisiana. Then you can be in trouble. Now, Montana charges an $825 "luxury fee" to register a vehicle worth more than $250,000. The big reason I am not going to go the Montana route should I buy a new RV is because, I think, it borders on the unethical. but alas the. Since when is wifi in Cities suppose to be a God given Right??? |Disclaimer|Privacy Policy | Terms of Service. As a matter of fact, the California IFTA guide book states that RV's are not considered under that reg.Thats a 2003 edition that was sent to my next door neighbor and when he called, they reportedly told him that had been changed.!!! So business buys it (its registered and delivered to Hillsboro Oregon) and then leases it back to themselves or a management/charter company. It sounds like anybody with a Montana plate might get pulled over in CA. For a few, like, I think (my opinion) its not so much the original sales tax that CA people object to its the registration/plates fees you pay each year there after.It a out and out rip off. Worthless whiners like this blogger are just that. 855-721-0777. The couple read that if you claim Texas as your domicile, you wont have to pay income tax. The rub comes in your home state, unless, of course, your real home state IS Montana. I would definitely consider registering an LLC in MT considering my home state VLT is outrageous when youre considering buying an expensive RV and your 1st year VLT can be thousands of dollars. Blast WA all you want too, it looks like a paradise compared to NV. Hi Steve. Where you happen to own a home and have a drivers license? And what additional fees and taxes are in Delaware? Why? February 27, 2021at5:23 am, John Koenig said: MI Attourney Steve Lehto covers this topic in detail on his YouTube channel. Anybody can form an LLC in Montana. They can get the ownership of the company from Montana. https://jalopnik.com/the-pitfalls-of-the-montana-license-plate-scam-1711216059, (You must log in or sign up to post here. Drove it to Ca where we live. Thats what media Mogul Rupert Murdoch did. How much actual risk there is involved with thatwho knows. As a PS. There is only one significant pro - the savings in sales tax dollars. FerrariChat.com has no association with Ferrari S.p.A. 2023 FerrariChat. 26. I just dont register them in California. Here are the taxes alone on a new Pagani Huayra from a private seller in Arcadia, California in 2022. You can schedule online or by calling 888.871.8535. Montana Llc Crackdown . Another technique is to use your Montana LLC for a bona fide business purpose. We know dozens of people whove purchased RVS in Montana and Wyoming, though none are from Michigan and all RV full-time. The more you give the government the more they want and take. I don't cheat on these things but will be d@@med if I report someone. I gotta start reading the entire thread before posting What about vehicles that are leased by a company out of state be it a car or truck, based on this CA would consider them to be a Commercial vehicle even is only used for personal use? Most other states strongly frown on Montana LLC RV Titling. Press J to jump to the feed. Should You Leave On Your RV Exterior Lights At Nig 7 Romantic Ideas For Valentine's Day In An RV, Don't Miss Paradise Oaks RV Resort In Florida, Currently Active Users Viewing This Thread: 1. The biggest bite in buying an RV in one of the high tax states comes in the form of a use tax, or sales tax. We were within our rights to keep MI and not change everything to CA. All states have rules about how long a vehicle can be in the state in the possession of a resident before it needs to be registered. Stay up-to-date with Club news, blog posts, events, and more. Lots of state revenue collectors are mad as wet hens at the State of Montana. Part of MOTORSPORT NETWORK. If you live in Texas and setup a Montana LLC for the express purpose of not paying sales tax, you will be fine as long as you stay out of Texas with the LLC titled vehicle. We want to be fulltime RVing. You might save a little bit of money for now. Visited a lot of states, haven't camped in manyyet. 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