X-Virus-Scanned: clean according to Sophos on Logan.com Return-Path: Sender: To: lml@lancaironline.net Date: Mon, 02 Sep 2013 13:51:23 -0400 Message-ID: X-Original-Return-Path: Received: from mail-pd0-f178.google.com ([209.85.192.178] verified) by logan.com (CommuniGate Pro SMTP 6.0.6) with ESMTPS id 6450603 for lml@lancaironline.net; Mon, 02 Sep 2013 00:51:32 -0400 Received-SPF: pass receiver=logan.com; client-ip=209.85.192.178; envelope-from=pjdmiller@gmail.com Received: by mail-pd0-f178.google.com with SMTP id w10so4239020pde.23 for ; Sun, 01 Sep 2013 21:50:57 -0700 (PDT) X-Received: by 10.68.160.193 with SMTP id xm1mr23730084pbb.88.1378097452711; Sun, 01 Sep 2013 21:50:52 -0700 (PDT) X-Original-Return-Path: Received: from [192.168.1.143] (S010620aa4b008706.cg.shawcable.net. [174.0.112.194]) by mx.google.com with ESMTPSA id xe9sm13165882pbc.21.1969.12.31.16.00.00 (version=TLSv1 cipher=ECDHE-RSA-RC4-SHA bits=128/128); Sun, 01 Sep 2013 21:50:51 -0700 (PDT) From: Paul Miller Content-Type: multipart/alternative; boundary="Apple-Mail=_E5778092-ED00-421B-B646-F35FD610A529" X-Original-Message-Id: <7643D060-AB6B-44FA-B9E4-DA1FC4F9B584@gmail.com> Mime-Version: 1.0 (Mac OS X Mail 6.5 \(1508\)) Subject: Re: [LML] Re: Tax haven states X-Original-Date: Sun, 1 Sep 2013 22:50:49 -0600 References: X-Original-To: "Lancair Mailing List" In-Reply-To: X-Mailer: Apple Mail (2.1508) --Apple-Mail=_E5778092-ED00-421B-B646-F35FD610A529 Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset=us-ascii The original post spoke of an LLC for insurance--not for avoiding sales = tax. Avoiding sales tax in one jurisdiction does not relieve someone in a = state (typically) from paying the use tax in that state even if the = aircraft or other asset is registered outside the state. Some states = even tag on additional sales tax on top of sales tax already paid in = another state. Sales tax is a different issue entirely unless insurance and sales tax = are connected somehow that was not explained in the original post. On 2013-09-01, at 6:39 PM, "Jay Phillips" = wrote: > Nevada does have a sales tax on aircraft when the seller is a Nevada = LLC and the sale takes place in the state. How do I know? I was required = to pay it. > =20 > Jay Phillips > =20 > From: Lancair Mailing List [mailto:lml@lancaironline.net] On Behalf Of = PETER WILLIAMS > Sent: Sunday, September 01, 2013 5:32 PM > To: lml@lancaironline.net > Subject: [LML] Tax haven states > =20 > Hi there >=20 > Two states are well known for no sales tax on aircraft boats and other = vehicles. >=20 > 1. Create a corporation (you can do this yourself) > 2. Use Nevada or Delaware > 3. Get a registered agent. (About $125/year) > 4. Register vehicle in the corp name >=20 > Smile all the way to the bank > TOTALLY LEGAL >=20 > Where I live the tax would be 8 5/8%. That buys a lot of free lunches=20= >=20 > Peter=20 >=20 > > To: lml@lancaironline.net > > Date: Thu, 29 Aug 2013 16:27:35 -0400 > > From:dconkey@conksite.com > > Subject: [LML] LLC for Insurance > >=20 > > It appears I may have to create an LLC in another state in order to = obtain insurance for our California based Turbine. The only Company = (Meadowbrook) that will insure the plane does not have authorization for = CA. > >=20 > > Anyone on the list have experience doing this? The pitfalls and best = way to go about doing this? Looking at Nevada for the LLC. > >=20 > > BTW, we just had our first starts of the engine this weekend. It = went well. Link below. > >=20 > >http://www.youtube.com/watch?v=3DppsSJB0kvXw > >=20 > > Thanks, > >=20 > > Denis > > N750PJ > >=20 > > Sent from my iPad > > -- > > For archives and = unsubhttp://mail.lancaironline.net:81/lists/lml/List.html --Apple-Mail=_E5778092-ED00-421B-B646-F35FD610A529 Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=us-ascii The = original post spoke of an LLC for insurance--not for avoiding sales = tax.

Avoiding sales tax in one jurisdiction does not = relieve someone in a state (typically) from paying the use tax in that = state even if the aircraft or other asset is registered outside the = state. Some states even tag on additional sales tax on top of sales tax = already paid in another state.

Sales tax is a = different issue entirely unless insurance and sales tax are connected = somehow that was not explained in the original = post.


On 2013-09-01, at 6:39 PM, = "Jay Phillips" <jayph@fastairplane.net> = wrote:

Nevada does have a sales = tax on aircraft when the seller is a Nevada LLC and the sale takes place = in the state. How do I know? I was required to pay = it.
 
Jay Phillips
From: Lancair Mailing List = [mailto:lml@lancaironline.net] On Behalf Of PETER = WILLIAMS
Sent: Sunday, September 01, 2013 = 5:32 PM
To:  [LML] Tax haven = states
Hi there

Two states = are well known for no sales tax on aircraft boats and other = vehicles.

1. Create a corporation (you can do this = yourself)
2. Use Nevada or Delaware
3. Get a registered agent. = (About $125/year)
4. Register vehicle in the corp name

Smile = all the way to the bank
  TOTALLY LEGAL

Where I live = the tax would be 8 5/8%. That buys a lot of free lunches 

Peter 

> To: lml@lancaironline.net
> Date: = Thu, 29 Aug 2013 16:27:35 -0400
> From:dconkey@conksite.com
> Subject: = [LML] LLC for Insurance
> 
> It appears I may = have to create an LLC in another state in order to obtain insurance for = our California based Turbine. The only Company (Meadowbrook) that will = insure the plane does not have authorization for CA.
> 
> Anyone on the list = have experience doing this? The pitfalls and best way to go about doing = this? Looking at Nevada for the LLC.
> 
> BTW, we just had = our first starts of the engine this weekend. It went well. Link = below.
> 
> 
> = Thanks,
> 
>= Denis
> N750PJ
> 
> Sent from my = iPad
> --
> For archives and unsub