LLCs helping landlords avoid taxes, spur housing crisis
LLCs helping landlords avoid taxes, spur housing crisis
(The Hill) – Opaque ownership laws that make it easier for property owners to avoid paying taxes are compounding a national housing crisis fueled by inflation and a shortage of low- and moderate-income homes.
Limited liability companies — or LLCs — are a common way for landlords to own the real estate on which they can charge rent. But LLCs often hide the identities of the people that stand…