http://www.usatoday.com/money/industries/banking/2008-07-16-tax-evasion-ubs-swiss-bank-lichtenstein-lgt_N.htm

As an LLC is a tax pass-through entity, you (the owner) will receive the same tax benefits as you would if you deducted these repair/improvement expenses on your personal taxes--but, if you use the LLC, it helps legitimize the LLC, is more defendable in an audit b/c it reflects a real business process instead of tax evasion, and frankly it makes it easier and faster during tax time.How might this help in reality?

He has shared his lifelong experiences of tax and workers comp evasion with me, so I won't be too surprised when that audit occurs.

My wife and I had had evasive actions planned but we didn't need them.

I don't know why a smart investor would collect most rents in cash and not show in tax returns since that is what the banks ask to determine value. ...It's called "tax evasion" ...

I can understand being a little evasive with tenants about whether or not you're the owner.

If it goes vacant all of 2009, though, be prepared for an audit, because if you can't rent it for 18 months, then you're not trying and it looks like tax evasion.#1 piece of advice is to drop your rent rates immediately.

Shelter and use every tactic possible to avoid paying 1 penny more than you have to (avoidance not evasion)... keep taking your profits and reinvesting it back in and the deals get bigger (or mulitple) and that 25% gets bigger too.Government is all about lowering our prosperity not increasing it.

They were nice but very evasive when it came to what their plans were with the property. 

I've locked horns with a couple of posters here selling their stuff and they have been so combative and evasive that people email me that they are shocked that someone trying to convince them that they are legitimate would behave so badly publicly.