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Old 03-27-2016, 03:07 PM   #15
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Don't you also have to file a Federal & State tax returns?
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Old 03-29-2016, 09:47 AM   #16
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Jerry Ski,

Yes, if you mean annual income tax.
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Old 03-29-2016, 10:44 AM   #17
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If you do the Montana LLC, keep in mind that your home state may still come looking for the equivalent of sales tax. The states, and federal government, have all kinds of data sharing and they might pick up on the fact that you have your trailer.

I bought a Cessna 150 in Maine, registered it with the FAA and flew it home to Florida. Three weeks later, the State of Florida hit me up for "use tax" which is the same as sales tax. Either data sharing, or data mining got me.

Just a caveat...

Mike
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Old 03-29-2016, 11:44 AM   #18
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I do understand that some states do not recognize out-of-LLC's.

The vehicles registered under the LLC do not belong to you--they technically belong to your LLC Located in Montana and you simply are "driving" a company vehicle
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Old 03-29-2016, 12:06 PM   #19
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WA has an approx 10% sales tax but no income tax. OR has no sales tax but a substantial income tax. The game for WA owners of licenseable personal property (classic cars, boats, planes, RVs, etc.) was to attempt to avoid WA's sales tax & registration fees by licensing their toys in OR. That largely worked until a few years ago when the WA Dept of Revenue began investigating OR's registrations by WA residents. Whoops, substantial penalties imposed in addition to the requirement to pay WA sales (called "use") tax (at least for such property brought back into WA). That game for WA residents is now largely over except for gamblers (and this WA resident does not like the odds of betting against the state).

My sweetie's ex (who lived in the mid-west) had a >$1M Prevost motor coach. He avoided his home state's taxes & fees on it by buying an RV lot (ie, real property) in a state with no sales tax & low registration fees & then licensing his coach in that state. Apparently, that worked for him. I believe some resident states, however, require that the property be located in the state of registration (and out of the resident state) for at least six months of the year to avoid its taxation by the resident state. And if a WA resident licenses personal property in OR & brings the property back into WA on a more or less full-time basis, its subject to WA use tax & registration (& likely penalties). The effect of registering personal property in an LLC or corporation on its tax & registration liability remains to be determined. If the appropriate agency in Maine knew that one of its residents bought an RV out of state, registered it as property of a Montana LLC, but brought the RV back into Maine on a more or less full-time basis, I wonder what it's response would be? If the RV stays out of Maine, that's one thing. If brought into Maine & kept there for any significant time, I would expect the Maine agents might be concerned.
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Old 03-29-2016, 12:50 PM   #20
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"For details go to: www.montanacorporate.com"

There are two issues here:
1. Is montanacorporate.com factually correct? Apparently so at least as regards Montana residents. [The same result likely obtains for purchases in NV or OR, both no-sales tax states.]
2. Note, however, that montanacorporate.com is largely silent on whether or not sales tax may be imposed by a non-Montana resident's state. It does say "Depending on your state’s sales tax rate, you can legally save $25,000 or more on your purchase." but provides no legal authority therefor whatsoever.

Regarding that last issue, see:

http://lastbestnews.com/site/2015/04...-vehicles-rvs/

And in CA if a corporation or LLC pays consideration for a vehicle, that transfer is subject to CA use tax:

http://www.boe.ca.gov/pdf/pub52.pdf

Therefore, having an out-of-state corporation or LLC purchase an RV would not appear to shield a CA-resident owner from liability for CA use tax.
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Old 04-04-2016, 05:04 PM   #21
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It's gorgeous!

Looks like a lot of room for full timing. We bought a 1998 Excella 28ft that looks very much like yours. Just less room in front. We love it. So solid and cozy! Hope you enjoy it. We tow with Ford one ton truck. Piece o cake -- for me anyway since I don't actually drive. It will fit in most Campgrouds for sure. Have a blast!
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Old 04-15-2016, 09:50 AM   #22
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So, if buying new, is a 20% discount what I should be shooting for in negotiations?
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Old 04-15-2016, 11:03 AM   #23
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Like anything..if it sounds too good to be true!
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Old 04-15-2016, 12:18 PM   #24
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Quote:
Originally Posted by n2916s View Post

I bought a Cessna 150 in Maine, registered it with the FAA and flew it home to Florida.



Mike
Boy, Maine to Florida, in a C-150. You definitely earned the "Tired Butt" award for that trip. I've been passed by a lot of trucks in my Stearman, but I usually catch them in the curves...
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