Federal Truck Tax Form 2290

We trust you are doing well and fine. Our first blog was a small introduction to our product, www.TruckDues.com. Being an authentic service provider, we have other obligations as well when it comes to handling the customers. And this welcomes another blog at our space. Today, I post about Form 2290 and related information. The form is vast and thus, we cover the basic stuff here and following blogs will have complete information.

What is form 2290 and who should file?

Form 2290 is to figure and pay tax due on highway motor vehicle used during the period with a taxable gross weight of 55,000 pounds or more depending upon the first month of use and date of filing. And this implies to truckers and owner operators driving rigs on public highway weighing more than 55,000 pounds should file form 2290.

When should you file form 2290?

Form 2290 must be filed for the month the taxable vehicle was first used on a public highway during the current period. The current period begins July 1, 2014, and ends June 30, 2015. Form 2290 must be filed by the last day of the month following the month of first use.
Note. If any due date falls on a Saturday, Sunday, or legal holiday, file form 2290 by the next business day. 

What are the other purposes of form 2290?

• Figure and pay the tax due of your highway motor vehicles used during the period with the taxable gross weight of 55,000 pounds or more.
• If your vehicle exceeded the mentioned mileage use limit during the season, you need to file and pay the dues for your vehicle.
• If the taxable gross weight of the vehicle increases and the vehicle falls into a new category, you need to file and pay, calculating your dues.
• You need to claim suspension for your vehicle tax is it is expected to be used 5,000 miles or less (7,500 miles or less for agricultural vehicles) during the period.
• If your vehicle is destroyed, stolen, sold or used 5,000 miles or less (7,500 miles or less for agricultural vehicles), you can claim a credit for the tax you have paid for your vehicle.
• If you need to report acquisition for a used taxable vehicle for which the tax has been suspended. Figure and pay the tax due on the used taxable vehicle acquired and used during the period.

Are there any exemptions in filing form 2290?

Well, yes, vehicles owned and operated by the following government authorities are exempted from paying taxes, however, they need to keep IRS informed about their exemption.

Following are the vehicles that are exempted from filing form 2290:

• The Federal Government,
• The American National Red Cross,
• The District of Columbia,
• A nonprofit volunteer fire department, ambulance association, or rescue squad,
• A state or local government,
• Indian tribal governments (To carry out essential tribal government functions)
• Mass transportation authority’s (under certain conditions)

Also exempt from the tax (not required to file Form 2290) are:

• Qualified blood collector vehicles used by qualified blood collector organizations, and
Mobile machinery that don’t come under the category of heavy vehicle.

More FAQ’s related to Form 2290 is available here.

This is not the end. As we have mentioned above, there is lot more to go. We shall add some more information about form 2290 in the next blog. Till then, file form 2290 online with TruckDues.com before the due date to stay on safer grounds.

New to truck taxes, no problem we get you through the step-bu-step process to complete the tax return online. You need not required to be good with tax knowledge. Get Started with 2290! 

If you got anything to share or ask, don’t hesitate to call us @ (347) 515 – 2290 or simply drop in a mail to support@truckdues.com.