|
It's simple & easy to file with us. With us you are covered.
Tax PractitionersContact us
for volume discount.
|
The federal government collects an excise tax known as the Heavy Vehicle Use Tax (HVUT) from owners of vehicles with a gross weight of 55,000 lbs. and more that use public highways. The money from the tax is then distributed to the states to support highway maintenance and construction projects. At YourTruckTax.com, you can efile your heavy highway use tax return in three easy steps.
The Purpose of IRS Form 2290
IRS Form 2290 is used to:
- Figure and pay the tax due on highway motor vehicles used during the period with a taxable gross weight of 55,000 pounds or more
- Figure and pay the tax due on a vehicle for which you completed the suspension statement on another Form 2290 if that vehicle later exceeded the mileage use limit during the period
- Figure and pay the tax due if, during the period, the taxable gross weight of a vehicle increases and the vehicle falls into a new category
- Claim suspension from the tax when a vehicle is expected to be used 5,000 miles or less (7,500 miles or less for agricultural vehicles) during the period
- Claim a credit for tax paid on vehicles that were destroyed, stolen, sold, or used 5,000 miles or less (7,500 miles or less for agricultural vehicles)
- Report acquisition of a used taxable vehicle for which the tax has been suspended
- Figure and pay the tax due on a used taxable vehicle acquired and used during the period
Schedule 1 (Form 2290) is used:
- To report all vehicles for which you are reporting tax (including an increase in taxable gross weight) and those that you are reporting suspension of the tax by category and vehicle identification number (VIN)
As proof of payment to register your vehicle(s) (unless specifically exempted) in any state. Use the Schedule 1 stamped and returned to you by the IRS for this purpose