Getting truck registration, plates and sticker

If you're planning on leasing on to a company, I would just sort out the title first. The company you lease to may supply plates.

When it comes to the sales tax portion, you can exempt yourself from paying it with a DOT number , at least that's how Missouri works.

 

That is the way to go.

 

TX has a rolling stock tax exemption. The bulk of the $2100 is going to be for the IRP (plate).

The majority of companies will loan you the money for plates. Even if they say they'll "supply" them. They will then turn around and set up a deduction along with the other deductions.

I would strongly suggest you do some research on 1099, 1040SE, occ/acc and worker comp, physical damage coverage, what is commonly referred to incorrectly as "bobtail insurance" but is liability coverage when you are not operating under someone else's authority, even under the direction of the operating carrier.

Gotta run. I'll check back..

 

You'll need a 2290 as well

 

The title was "lost"?.....In TX, doesn't the lien holder hold the title until it's paid off?....You sure it's paid off?...Can't you get a duplicate title from DMV?...I guess it depends on the State...

 

What do you mean quoted? Are you not at the DMV? Are you at a 3rd party? This story has a fishy smell.

1099, occ/acc, 1040SE, 2290, and the like are not things you talk about to get plates. They are things you must know to own a truck. If you want to just own a truck and be broke by Jan 1 just buy plates and get it over with...

PS- debts die with the name on the title...liens are the only survivor. If there is a lien on the title, that entity owns the truck. A "lost title" is about as big of a RED flag as you can get. I know where each and every title I have is, no exceptions. My wife knows where they are and if the office burns down or I don't show up after Thirsty Thursday, she knows where to go. Most lease owners hold the title, and I would slow your roll...This smells like a lease. Check with TX for a UCC-1 filing, also known as perfecting the lien. Typically, a commercial lender must perfect the lien with the state (your mileage may vary by state). Its an easy way to see if there is a lien holder in most states. You will most likely not see a lease with a UCC-1 search, as they do not perfect the lean because most leases (until 2016) were/are off balance sheet leases.

" I'm thinking the first place was assuming I wanted to get plates that would allow for hauling a load as they never asked about how much the total weight would be."***---You would only need to know or place a stated weight if you wanted to plate the truck for less than 80k or full gross for your state.

"They also said I would need to get the truck inspected and get insurance going to them."---
You typically need insurance to plate a commercial vehicle. Inspection is typically not required except maybe in an RV situation where you would be subject to state inspections????

And you can not get an IRP plate without a stamped copy of the current 2290. You must pay $550 to the IRS (you will pay a pro-rated amount from 7/1/16). The buyer is responsible for any vehicle placed on the road for the current tax year. I would have to revisit a related party transfer to give you unofficial tax advise. But typically, the buyer is responsible for the current tax year and the previous owner can claim a credit. With a deceased owner... I would have to go to the big book.