Form 2290 is usually calculated based on the weight and the miles going to be covered during the taxation period. Do you know what happens, when you exceed the taxable gross weight or the miles as you had mentioned in the form and the same get imprinted in your schedule 1 copy. Well, if such scenarios come up, you are mandate to file form 2290 Amendment return to pay IRS the excess and get a revised schedule 1 copy.
There are three types of amendments available for form 2290:
- Additional Tax From Increase in Taxable Gross Weight
- Suspended vehicles exceeding the mileage use limit
- VIN Correction
Additional Tax from Increase in Taxable Gross Weight:
This is one of the types of amendment filed through form 2290. When you are experiencing increase in the gross weight during the tax period and your vehicle tends to fall into a new category, you are liable to report the same through form 2290 Amendment by the second month of increase.
For instance, an increase in maximum load customarily carried may change the taxable gross weight. When this happens, you need to calculate and report the additional tax for the remainder of the period on Form 2290, line 3. Additionally, you need to check on the Amended return box and to the right of “amended return”. Write the month the taxable gross weight increased. This should be done by the last day of the month following the month in, which the taxable gross weight increased.
With TruckDues.com, you don’t have to do anything as we will calculate your tax based on the weight and show the accurate difference in tax due to IRS. You will also get your Schedule 1 for the new weight category in minutes.
Suspended Vehicles Exceeding The Mileage Use Limit:
This type of amendment is filed if a suspended vehicle exceeds the mileage use limit. Mileage use limit for a heavy vehicle on public highways is 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is on the road during a period, regardless of the number of owners.
You to need to calculate the tax on Form 2290, page 2, based on the month the vehicle was first used in the period. File the amended Form 2290 by the last day of the month following the month in, which the mileage use limit was exceeded.
With TruckDues.com, our friendly designed application will allow you to file with ease and accurately calculate the tax due to the IRS in fraction of second. Also, you will get your schedule 1 copy for the weight category in minutes.
VIN Correction is filed if you have accidently made an error in any of the VIN in the previously filed Form 2290. However, VIN correction is applicable for taxable or suspended vehicles, and not for credit vehicles or for prior year suspended vehicles.
When you file a VIN Correction Form 2290, you are not allowed to combine the return and claim credits. The wrong VIN must have been paid for in the original form 2290. Otherwise, the IRS will assign penalties in addition to the actual tax.
These were the amendment reasons applicable through form 2290. However, there is a bigger question waiting for you. Paper filing or efiling? Well, we would always recommend our customers to choose efiling, not because we support online filing through this application, but it does save your time, your money and paper. You can file online on the go and that is not applicable with paper filing. Another additional advantage you get is you can enjoy features like tax calculator or the error check app that can add ease to your filing and provide you with the appropriate results in minutes.
We have many reasons to tell efiling is the best, we want you to try and appreciate all you can deal with online application at TruckDues.
We also have handpicked Tax Experts at or end for your perusal, helping you in filing form 2290 online with ease. Reach us @ (347) 515 – 2290. You can also get 24/7 email support at firstname.lastname@example.org. You have invested your trust in us; we will never let you down.