If you used the truck during July, 2008, then the tax is due August 31st. If you didn't use the truck until August, 2008, then the tax is due September 30th. And so on. The tax is due the last day of the month after the truck hits the road. If the truck is not in use for the full Tax Period, you will not have to pay the full $550. Page 10 of the 2290 Instructions shows a sliding payment schedule.
So you see that tax lien investing, even among, these states which have similar interest rates, bidding procedures, and redemption periods is very different do to how they treat subsequent tax payments, and whether they have penalties or not. There are also states that have very different bidding procedures, redemption periods, expiration periods and treatment of subsequent 2290 tax form payments, which can change the game quite a bit.
Example: Fred and his wife, both Americans, live in Elbonia, where taxes are high. His wife has no income. Fred has $225,000 of income, all of which is subject to 25% Elbonian tax (about $56,000). Fred has some deductions. His U.S. tax before credits is $47,000. Fred's net U.S. tax is zero, since the foreign tax credit exceeds his U.S. tax. Fred doesn't care about the exclusion.
A major concern many people have is that they worry about their heavy vehicle tax return disappearing into the black hole of cyber-space never to been seen or heard from again until they receive a threatening letter from the IRS informing them that they have not filed a return. There is no need for fear, usually within 24 hours and almost never more then 48 hours the IRS sends a message to the transmitter (your accountant) either accepting the return or telling them IRS Form 2290 that there are errors which must be corrected. In either case the process is transparent and foolproof ensuring that every return is accounted for.
The Child Care Credit allows parents and guardians of qualifying children and disabled adults to claim the costs of child and dependent care on their tax return. It is a non-refundable credit that does not automatically qualify you for a tax refund. However, if you have costs to claim it is a good idea to do so in order to lower your taxable income and pay less tax.
Filing state tax is something every one has to whether the person likes to do it or not. It is advisable to get one early to be familiar with how it works so there won't be any problems later on.