So I'm trying to do more research into starting an LLC.

Originally this started out looking into registering my truck with a company in Montana that makes LLC's based there so people can get tags for their vehicles. As I'm looking more into it, I'm wondering what other tax deductions and sales tax write offs I can do with something like that. If I start a YouTube channel for cars and guns, can I make write offs for those related areas? As I'm making a lot more money now, I'm trying to figure out how to keep more of it. I'll probably end up talking to an attorney and/or accountant about this, but I'm wondering if you guys are having success doing something similar.

What's the benefit to registering your car in a different state exactly?

BasedRich/smart people do it to avoid paying taxes on expensive vehicles, I'm doing it to avoid emissions and have "permanent" plates for my truck. Any vehicle older than 11 years can have lifetime plates on it as long as the person in Montana registering it owns it.

Does it really cost so much to register in Connecticut that this is worth the extra hassle? It's like $150 per year for registration in my state for a vehicle.

Rich/smart people usually have better uses for their timee than this.

Things could be different where he lives. but there are so many easy ways to avoid paying sales taxes that don't involve registering a business in a state 2500 miles away. Especially is he's buying 11 year old business trucks.

Sometimes a lawyer and accountant aren't necessary at the beginning until you're at a certain level. I registered my own LLC (I'm in Canada tho) for about $500 and it would have cost thousands with a lawyer. Something like a Youtube channel would have to be part of the registered business as an income generator (even if you lose money) in order to qualify for writeoffs.

One big one is having your office at home, or having a home address registered as the business address. Means that you can write off costs related to that, or at least a portion of them. That includes utilites, rent/mortgage interest, even things like furniture and equipment as long as it "relates" to the business.

So your truck will be registered to an LLC based in Montana? Are you going to use this Montana based LLC as an actual business? I wouldn’t, also you’ll need a separate bank account for that LLC (I’m sure you know that already just wanna make sure tho…)




Any expense related to the business is an allowable tax deduction. I created a chart I’ve used for years, I’ll post it in this thread when I get to my desk this morning.

But as a start you should look into a 1040 Schedule C (P&L) ->https://www.investopedia.com/ask/ans...c-irs-form.asp

Rental Property crew here and can confirm.

New PC, new chair, internet connection, new hardwood floors, all deducted.