@mtf1 wrote: "My goal is not the legal protection of the LLC. My goal is to legally save taxes."
Section 7701(o) Clarification of economic substance doctrine
(1) Application of doctrine
In the case of any transaction to which the economic substance doctrine is relevant, such transaction shall be treated as having economic substance only if—
(A) the transaction changes in a meaningful way (apart from Federal income tax effects) the taxpayer's economic position, and
(B) the taxpayer has a substantial purpose (apart from Federal income tax effects) for entering into such transaction.
