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HVUT Need Help Please

Discussion in 'Trucker Taxes and Truck Financing' started by Christank, Jul 11, 2010.

Page 2 of 2
  1. Jul 11, 2010 #11
    Christank

    Christank Bobtail Member

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    Aha!....But here this is what's bothering me........The ending odometer of my last use....and the beginning odometer of the buyers first use,shouldn't they match perfectly? How do you explain the few miles in between for test drives ect.
     
    Christank, Jul 11, 2010
    Christank, Jul 11, 2010
    #11
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  3. Jul 11, 2010 #12
    Roadmedic

    Roadmedic Road Train Member

    18,951
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    Just what you said.

    It is not needed for IFTA anymore. The truck is not subject to it.

    Call your accountant/tax preparer.

    People charge for the advice I have given.
     
    Roadmedic, Jul 11, 2010
    Roadmedic, Jul 11, 2010
    #12
    Christank Thanks this.
  4. Jul 11, 2010 #13
    Christank

    Christank Bobtail Member

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    Really....Okay then...One problem solved ...80 more to figure out...LOL. I thank you much.
     
    Christank, Jul 11, 2010
    Christank, Jul 11, 2010
    #13
  5. Jul 11, 2010 #14
    jbatmick

    jbatmick Road Train Member

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    That will not be a problem.Your 2290 form will have to be filed only if you put another tag on the truck. Do not worry about about adding a few miles to the odometer.However, when you sell the truck, make sure the buyer knows the 2290 tax is his problem, as you are responsible for filing the form for the time you owned it, IF it were needed.
    That caused me a lot of paperwork one year when I bought a truck from a dealer. IRS wanted me to pay for 2290 form for the year truck was on dealers lot. Had to get signed paper from dealer stating the truck was not in use the year before I bought it.
     
    jbatmick, Jul 11, 2010
    jbatmick, Jul 11, 2010
    #14
    Christank Thanks this.
  7. Jul 11, 2010 #15
    Christank

    Christank Bobtail Member

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    Jun 21, 2010
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    Yeah I had to pay the HVUT twice the first year once when I licensed it and then later in August same year.....the seller must not have paid it....and they didnt tell me about it either.
     
    Christank, Jul 11, 2010
    Christank, Jul 11, 2010
    #15
  8. Jul 11, 2010 #16
    Roadmedic

    Roadmedic Road Train Member

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    Apr 4, 2007
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    File the 2290 with the exemption I mentioned. It relieves you of any potential filing penalties and hassles.
     
    Roadmedic, Jul 11, 2010
    Roadmedic, Jul 11, 2010
    #16
    Christank Thanks this.
  9. Jul 11, 2010 #17
    Christank

    Christank Bobtail Member

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    Jun 21, 2010
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    Thank you. Thank you. Thank you. I am so glad there are helpful people out there and that I found this forum.
     
    Christank, Jul 11, 2010
    Christank, Jul 11, 2010
    #17
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