JJ Luna

IRS

Submitted by:
Number 4 is; Disguised Corporate Ownership: Domestic shell corporations and other entities are being formed and operated in certain states for the purpose of disguising the ownership of the business or financial activity. Once formed, these anonymous entities can be, and are being, used to facilitate underreporting of income, non-filing of tax returns, listed transactions, money laundering, financial crimes and possibly terrorist financing. The IRS is working with state authorities to identify these entities and to bring their owners into compliance. Keep saying it JJ, "Any account in a financial institution for an LLC is a display of personal information!"

URL #1: http://www.irs.gov/newsroom/article/0,,id=167983,00.html

JJ Luna Responds:

Just a reminder to all readers: Using an LLC for ownership of a vehicle or real estate raises no red flags as long as no business is involved and no LLC bank account is opened.
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