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Originally Posted by Ethersync
Why would the IRS care about this at all? It does not affect federal income tax. I always thought it was a state issue (e.g. California comes after you for not registering as a foreign corp.).
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Well, I won't pretend to know the inner workings of the IRS, but Nevada corps are very much on their radar, and even if you passed a federal audit, don't you think they'd be reporting you to the state you're fucking? Either way it won't turn out well.
It obviously must be of some concern & interest to the IRS if they're making claims like this:
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A study conducted by the I.R.S. determined that as many as 90% of the individuals registering companies in Nevada were in violation of federal tax laws.
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So, I guess the question is, why paint a target on your forehead for them just to save a few hundred bucks?