Exceptions are few; however, heavy vehicle with a gross weight of 55,000 lbs and more and using the public highways need to pay the tax as per the Federal regulations. And this becomes mandatory for the owner operators and truckers to file form 2290. We are going to talk about the scenarios you would face if you don’t file form 2290 for your taxable heavy highway vehicle.

Following are the scenarios, which are applicable with form 2290:

• What if you don’t file Form 2290
• Not signing the return
• Claiming refund of Heavy Vehicle Use Tax already paid
• Sale of vehicle
• Getting stamped Schedule 1 on short notice

What If I Don’t File Form 2290:

As per the law, if you are late in filing your taxes, you are liable to pay penalties for failing to file the tax 2290 return on time. False filing or fraudulent returns will be penalized. Other than penalties, there will be interest charges against the delay of payment.  Also in case of filing the return after the due date, you need to attach a detailed explanation for the delay with the valid reason.

Not Signing The Return:

If in case, the return is submitted without signing, the return will be sent back to you for signing. It is important to note that, unsigned return will be considered as filed return.

Claim A Refund On Heavy Vehicle Use Tax Already Paid:

If your taxable heavy vehicle is destroyed, stolen, or sold before June 1 or for one that was used 5,000 miles or less (7,500 miles or less for agricultural vehicles), a refund for tax paid can be claimed on the subsequent Form 2290 filed. Form 8849 – Schedule 6 can also be used to claim the refund.

Do note, till the end of HVUT tax period, form 8849 cannot be filed. For example, tax is paid for the period July 1, 2009, through June 31, 2010, for a vehicle used 5,000 miles or less during the period, a refund on Form 2290 (or refund on Form 8849) cannot be claimed until after June 30, 2010.

Sale Of Vehicle:

In case a vehicle was sold, the taxpayer who filed the return and paid the tax gets the credit.

Receiving Schedule 1 Copy Immediately:

When efiling form 2290, you would receive your schedule 1 copy in minute’s right after you transmit your return online. However, if you have queries and questions to answer, you can always get in touch with our Tax Expertise right through email, phone or even chat. Simply dial (347) 515 – 2290 or simply drop in a mail to support@truckdues.com. We are here for you, for better back-end support.

Happy Trucking! – Team TruckDues.com.