If the sole purpose of creating the LLC is to avoid taxes with no economic substance then the IRS will undoubtedly disallow it. This is hair brained idea and really just common sense.
“Yo mane, I’m gonna setup dis LLC and deduct all muh personal expenses. I’m gonna save so much in taxes, yo.” Are you that dense, Butler?
“Yo mane, I’m gonna setup dis LLC and deduct all muh personal expenses. I’m gonna save so much in taxes, yo.” Are you that dense, Butler?
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