hvut2290

Discussion in 'Flatbed Trucking Forum' started by medseg2003, Aug 3, 2018.

  1. medseg2003

    medseg2003 Bobtail Member

    26
    7
    Aug 11, 2017
    0
    hello ,i bought my truck on april 2017 and i file 2290 first time on 4/27/2017. and the second time on
    7/7 /2018 and lately i received a notice from irs said i need to pay late filing penalty for tax period july1, 2017
    i don't know why i already pay twice
    my question is the we have to pay hvut before the start year or after the year is over
    for example tax year july 2017 to july 2018 when i should pay it is it after july 2017 or after july 2018
    and july 2018 to july 2019 when it should be paid is it before july 2018 or after july 2019
    thx alot
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. stillwurkin

    stillwurkin Road Train Member

    1,756
    2,856
    Dec 2, 2017
    0
    The 2290 due now, or by end of this month(august) is for july 1st, 2018 through june 30th 2019. See they give you until end of august to pay. If you bought the truck used, the person you bought it from should have gave you the reciept that they paid the 2290. If i am understanding correctly. 2290 always runs july 1st through june 30th. Did you get a reciept from your previous filings?
     
  4. nax

    nax Road Train Member

    1,999
    2,253
    Dec 14, 2016
    0
    Here's why:

    • Bought truck in April 2017. I assume you put it to work right away? If YES, then your 2290 was only good for April/May/June === 3 months === $550/12 = $45 x 3 = $135
    • July 1st, 2017 ----> June 30th, 2018 ==== You did not pay on time, that's why you have penalty. Bill was DUE by Aug 31st, 2017
    • July 1st, 2018 ---- June 30th, 2019 === YOU NEED TO PAY BEFORE Aug 31st, 2018
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.