Avoid THESE Basis Tax Traps in Your Shop
Most shop owners have no idea how “basis” can come back to bite them. Take out too much, buy the wrong way, or expand with debt, and you could...
This episode of The Money Shift Podcast breaks down a trending tax tactic that’s catching attention in the auto repair world: registering vehicles in Montana to skip sales tax. Hosts Eric Joern and Jack Paeglow explain why this strategy can lead to serious problems for shop owners, including legal exposure, insurance issues, and penalties.
You’ll learn:
Why a Montana LLC without a legitimate business purpose can trigger audits and legal trouble
How insurance companies are responding to vehicles registered under this setup
What questions states are starting to ask and how enforcement is increasing
Safer, legitimate strategies to reduce taxes on vehicle purchases
If you’ve heard about this “Montana scheme” or are considering it for your shop, this episode will help you understand the risks, stay compliant, and choose smarter ways to save on taxes.
Explore the Kaizen Resource Center for practical guides, videos, and articles to help you run a more profitable, predictable business.
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