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 > Your search for 'Montana llc' found 10 matches.

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  Subject Author Date Posted Forum
RE: Financing a motorhome.

It seems a never changing circle where some poor soul asks a simple question about Financing a Motorhome? It ultimately ends in a flurry of "only a moron finance a depreciating item" to "if you can't pay cash you failed at every aspect of economic sobriety"! Somewhere in the middle is you and me but tell me something? What does any of that have to do with the question of the poster which is FINANCING A MOTORHOME??? Come on folks let's stay on message and help the guy who asked that question. And if you don't I'll ask a question about a Montana LLC and that will blow up the entire forum! How bout them Broncos!!! :)
Mondooker 09/18/16 09:55am Class A Motorhomes
RE: Mugged by California DMV?

look into the Montana LLC thing Not for a vehicle based in California. Good way to become a convicted felon. CHP and DMV both actively seek out people doing this here.
msmith1199 08/16/16 09:30am Class A Motorhomes
RE: Mugged by California DMV?

look into the Montana LLC thing
hanko 08/16/16 08:45am Class A Motorhomes
RE: To Incorporate or not to Incorporate

Ah the old Montana LLC scam. You can do it, and you might save some money, but there is a risk, Some states have decided to go after Montana LLC Rv's.. and the penality is kind of hard to bear. Fiction: (I like to read fiction) Some years ago I read a fiction story where a young lady had physic powers.. She shook hands with an IRS rep and flashed back to him during WW-II,, Wearing his Gestapo uniform. Well.. That story was fiction: But .... A lot of folks think that scene is not far removed from true.. The IRS, and the state treasury agents, are as close to the Gestapo as we currently have in this country. They are the most powerful law enforcement officers.. After all. who managed to put Al Capone in prison? The IRS, not the FBI but the IRS.
wa8yxm 04/15/16 09:41am Class A Motorhomes
RE: Where to register/insure when full time

Thanks all so much for all this info!!!!! Much to my dismay although I already knew the answer (but was hoping) is if I buy my coach early, before I retire, I will have to pay Massachusetts sales tax on purchase and excise tax for every year registered in Mass until I finally retire and go fulltime. I was hoping there was a way, like many yacht owners do, to register in a tax friendly state even though I'm still a Mass resident for a few more years. You may find this document from the Massachusetts Inspector General's office of interest when deciding whether to pursue the Montana LLC option. It is interesting to note that ALL of the vehicles in Attachment A of the referenced report were observed within the borders of the State Of Massachusetts! In other words, the owners were simply foolish. As I previously stated, if owning a Montana LLC to purchase your RV means that you can NEVER bring it "home", DO. NOT. DO. THAT! Again: KNOW the laws. COMPLY with the laws. DOCUMENT your compliance with the laws. If you do those three thing, you will not have any problems!
mowermech 12/31/15 11:08am Class A Motorhomes
RE: Where to register/insure when full time

Thanks all so much for all this info!!!!! Much to my dismay although I already knew the answer (but was hoping) is if I buy my coach early, before I retire, I will have to pay Massachusetts sales tax on purchase and excise tax for every year registered in Mass until I finally retire and go fulltime. I was hoping there was a way, like many yacht owners do, to register in a tax friendly state even though I'm still a Mass resident for a few more years. You may find this document from the Massachusetts Inspector General's office of interest when deciding whether to pursue the Montana LLC option.
Dutch_12078 12/31/15 10:45am Class A Motorhomes
RE: Where to register/insure when full time

Thanks all so much for all this info!!!!! Much to my dismay although I already new the answer (but was hoping) is if I buy my coach early, before I retire, I will have to pay Massachusetts sales tax on purchase and excise tax for every year registered in Mass until I finally retire and go fulltime. I was hoping there was a way, like many yacht owners do, to register in a tax friendly state even though I'm still a Mass resident for a few more years. There is. Go ahead and get the Montana LLC, and buy your coach in Montana. BUT, carefully check the laws in Mass. to be VERY sure you fully comply with each and every one of them! It may well be that you can NEVER bring your coach into the State of Massachusetts! You just might have to park it on a storage lot in a neighboring state to avoid problems with Mass. authorities. As I have said repeatedly: KNOW the law! OBEY the law! DOCUMENT the fact that you have obeyed the law! And you will have no problems! An interesting side note to Montana registration is that all vehicles 11 years old or older; all trailers, regardless of size or type; all motorcycles, including street-legal ATV's; and all boats can have PERMANENT registration. After 2017 I will never have to worry about registration renewal! As for sales tax, IF it is ever passed, it is limited by the State Constitution to no more than 4%. At the present time, there is very little agitation to get such a thing passed. I don't think it will pass anyway, because it would mean that the Wyoming folks would have no reason to shop here!
mowermech 12/31/15 07:45am Class A Motorhomes
RE: Where to register/insure when full time

Folks generally don't use Montana as Domicile. they establish a corporation in Montana and the corp owns the motorhome based in Montana and Montana plates but the actual owner domiciles elsewhere (with the coach) Its a Quasi Legal tax dodge for those who have to pay lots of vehicle tax on purchase and tags. in their home state. If not done correctly It could be VERY a costly mistake. Not to mention Tax evasion charge. This subject is all over this forum and others ..i wonder how you could not find it? But Now you have! Don't reinvent the wheel 3 states are the choices for very good reasons. Actually I have read volumes on the whole Montana LLC subject and that wasn't my question. My fault I should have been more clear. Since many DO register in MT and they don't actually even live there I assumed it would be a good choice if you legally set up domicile there. Now I know other states are a better choice.
Two Jayhawks 12/30/15 02:21pm Class A Motorhomes
RE: Where to register/insure when full time

It's wise to be thinking ahead. In order to make the transition easier, do your research now. Every situation is different and what works for me, may not work for you. Establishing a domicile state should not be taken lightly. Tax consideration is but one small aspect. Health care is another. Medicare is easier in the bigger States than it is in smaller ones, but if you can get adequate care based on your health history, it may not matter. You need not own property in whatever state you choose. We chose South Dakota based on our situation and it's advantages to us. California sales tax was 9 3/4% and SD was 3%. That alone saved us $39,690 when we purchased our coach. But, you must use caution when deciding which is best for you. Don't decide simply based on tax savings. Since the home where you spend significant time per year is now mobile, you can choose any of the 50 States as your domicile state. The best way to avoid any future issues is to follow many of the guidelines set up by the IRS. They look at your "intent". Say you have friends/relatives in Ca. Your banking facilities are there, you're registered to vote there and you spend several months traveling up and down the coast. Most likely you would be considered a Ca resident. If you register your vehicles in SD/TX/Fla/Ore, you risk getting caught up in a tax mess eventually albeit a small risk. Decide on a domicile state and move EVERYTHING there...banking, driver's license, registration, voters registration, health insurance etc. etc. That way, you'll never have to be looking over your shoulder. Briefly, here's what we found. This info is 7 yrs old so take that into consideration. As mentioned, RV friendly States are SD, Fla and Tx. SD has no income tax, 3, now 4%, sales tax, low registration fees and no vehicle inspections. Your license is good for 5 years but you must stay one night within their State to renew. DL renewal cannot be done online without a receipt showing the one night stay. Everything else can be done online. Texas requires a vehicle inspection every other year, which could be a hassle. Florida had too many issues for our situation to consider their State. The Montana LLC angle you asked about has been abused to such an extent IMO, it's not worth the hassle. It can be done legally, but because of the rampant abuse, many States look closely to ensure you have followed the rules completely. I don't need that kind of aggravation in my life at this age. Things to look out for: Medical coverage, insurance coverage, tax advantages, ease of registration/DL renewal, cost of registering your vehicles, (watch out for hidden taxation) and insurance costs. Speaking of insurance, there are only a few companies that offer full timer insurance. Sure you can 'cheat' the system and not fully disclose you're a full timer but do you want that to become an 'issue' when you need the coverage? Full timer insurance includes an extensive comprehensive rider similar to the homeowner's policy of a stix n brix home. Expect to pay about $1500-$2000/yr for coverage. Everyone's situation is different. Use the above as a guideline and plug in your situation for each State, then choose the one that suits your needs the best. Once you've decided, you can then begin transferring all your stuff to your new State. We started 6 months before my retirement date so when I retired we were already residents of SD...7 years now and all is good....BOL...Dennis
Executive 12/30/15 11:04am Class A Motorhomes
RE: Colorado Ownership Tax

Thanks Mntman. It looks like I have to go through the specific county and they do have an online calculator, but its for cars, light trucks, and motorcycles and doesn't account for the 35,000 lb weight of an RV. Assuming a $250K truck (they are getting close), the ownership tax is $4,800. I wonder how much it changes when adding the weight. ownership tax? what the heck is that? Is that instead of sales purchase tax? do u pay Ownership tax once or every year? It is a tax Colorado has on every licensed vehicle or trailer on top of sales tax and the ownership is assessed every year. Plus they charge a road and bridge fee I see why so many people use Oregon,montana or south Dakoda to register their motor homes. no sales tax in Oregon or montana.low in Dakoda and NO personal property tax at all and cheap registrations and tags Glad I don't pay personal property tax or big yearly plate fees As a CO resident, it is illegal for me register it under a Montana LLC or through another state for he purpose of avoiding ownership tax or sales tax and I could face imprisonment. I'll pay the tax.
Mile High 12/22/15 08:10pm Class A Motorhomes
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