Since September 30, anyone who owns or runs an out-of-state shell company that bought a car for use in California can be billed personally for the unpaid use tax, plus interest and penalties. Governor ...
A change to California's Sales and Use Tax Law looks like it'll close a major loophole that some vehicle owners have long ...
For decades, wealthy Californians have dodged their state's taxes by titling expensive cars to paper companies in Montana — but not any more.
A new law targets shell companies used to register Ferraris, Lamborghinis, and other high-dollar vehicles out of state to avoid California sales taxes.
California recently closed a loophole that allowed wealthy drivers to avoid paying thousands of dollars in taxes on expensive cars. Gov. Gavin Newsom signed Senate Bill 1406 into law on September 30, ...
Montana has long served as a tax haven for supercar owners who don't want to pay the full sales tax on their pricey rides. The recipe is simple: form a limited liability company in Montana, buy and ...
Your LLC might not protect you from California tax authorities. High-end exotics with Montana license plates are surprisingly common. No, there isn't some sort of secret luxury performance car ...
The California Department of Tax and Fee Administration (CDTFA) and Department of Motor Vehicles (DMV) announced on March 6 that they are investigating auto dealers suspected of enabling customers to ...
California is cracking down on a decades-old tax loophole that allowed wealthy residents to avoid paying tens of thousands of dollars in taxes on luxury vehicles by registering them in Montana. The ...
Firefighters from across Montana are making their way home after lending a helping hand to the people of California, as more than a dozen major wildfires ravaged the state over the last few weeks. The ...
Californians cruising around in high-end cars with Montana plates may be in for an unwanted surprise. The state is cracking down on what's known as the "Montana Loophole," reports the New York Times.