Hello there truckers, this article is to remind you all that your Pro-rated HVUT Form 2290 is due by September 30, 2021 for the period beginning July 2021 through June 2022. As you are pretty aware of the fact Form 2290 is generally due by June and its payable until the end of August. Else, federal law states that Form 2290 must be filed on a vehicle by the last day of the month following the month of its first use.
Hence, Form 2290 is now due today, Only for the vehicles which were purchased/re-purchased and been used over the road since August 2021, evidently it’s hard for us to recollect the pace with which the days during this month literally ran off by far and we face just one more day to E-File and pay the pro-rated HVUT form 2290.
We’re sure that you know almost everything about a HVUT Form 2290. Although, we also feel that you must know about the Form 8849 Schedule 6 (Claim for Refund of Excise Taxes) to claim refunds on a vehicle that was earlier reported on a Form 2290. This is one question that we receive often
The Types of Refund Claims available for you are as follows:
- When the Taxes are overpaid
- When a Suspended Vehicle exceeds its mileage limit for exemption.
- When a vehicle that was Sold/Destroyed/Stolen.
Taxes Overpaid:
most truckers end up overpaying their HVUT due to the following scenarios:
- By reporting the same vehicle twice on a Form 2290 at two instances, By E-Filing & Also Paper mailing documents.
- By electronically reporting the same vehicle twice over a Form 2290 with different first used months. Else, IRS basically rejects any e-filed Form 2290 which was tried filing twice for a vehicle with the same first used month in common.
- By making an online tax payment plus mailing a check with the documents.
If you were been overcharged due to any of the above mentioned scenarios, you may simply file a Form 8849 Schedule 6 to receive a refund check from the IRS to your mailing address.
When a vehicle does low miles.
Any heavy vehicle that is been used over 5000 miles (For commercial vehicles) & 7500 miles (For Agricultural vehicles) within a 2290 tax year is considered to be a taxable vehicle. When taxes are paid upfront on any heavy vehicle; when has not been used over the desired mileage limit for which the taxes are paid full in advance, the owner of the vehicle is eligible to claim a full refund via Form 8849 Schedule 6 under low mileage vehicle credits
When the vehicle was Sold/Destroyed/Stolen.
Heavy Duty trucks are tend to be prone towards, ?mechanical wear & tear, electrical system failures & so on. Hence, there are greater chances that the truck could be Sold/Wrecked. The following scenarios do qualify for a partial refund.
- When the Subjected vehicle is sold, hence no longer been under self-possession of an entity/individual for which the taxes were paid full in advance.
- When the subjected vehicle is stolen for which the taxes were paid full in advance.
- When the Subjected vehicle is totaled out due to mechanical & electrical system failure hence, it is officially declared to be unusable henceforth, for which the taxes were paid full in advance.
You also have an option to transfer the taxes paid to the following year or on a new truck in the cases of low mileage vehicle credits or sold/destroyed vehicle credits.
Hope these pointer were helpful and informative regarding to your form 2290. If further assistance needed please feel free to contact our tax agents at 347-515-2290 or simply drop an email to support@truckdues.com. You can also chat with a live representative online through our website as well.