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Out-of-state car buyers use Montana LLC’s to evade taxes
It’s a strategy made possible by a loophole in Montana law, and wealthy out-of-state residents have been using it for years — setting up limited liability companies in the state and avoiding paying thousands of dollars in sales taxes to their home states.
And the number of nonresident vehicle registrations is growing, said Joann Loehr, Montana’s title and registration bureau chief. "It started off as motorhomes and now there are other vehicles in the mix."
By Troy Carter Chronicle Staff Writer
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Bennett Law Office, P.C. is a full-service transactional law firm located in the Missoula Valley, dedicated to providing a wide range of legal services. These services include the areas of tax-free vehicle registration…
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