Tag Archives: Taxable Vehicles

The HVUT Form 2290 partial period tax is now due for vehicles first used since April 2021

Please accept our heartfelt greetings to all of the HVUT filers out there. We’ve been dealing with the Covid virus for a while, but with good news about the vaccine coming in from all over the world, we’re hoping for a cure and lives saved. Until then, be careful. Thousands of truckers have already e-filed their HVUT Form 2290 for the current tax period, which stretches from July 1, 2020, to June 30, 2021; now it’s time to file the prorated form 2290, which is only applicable to truckers who purchased a new truck or used a new truck for the first time on a public highway in April 2021, which must be filed by May 31, 2021.

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The deadline for submitting Form 2290 is April 30th, which is only a few days away. Now is the time to submit your electronic filing.

Any heavy vehicle with a gross weight of less than 55,000 lbs must file a Form 2290, but the tax liability element is based on the number of miles driven. When the truck has traveled more than 5,000 miles for commercial use or 7,500 miles for agricultural use. When a vehicle does not exceed the desired mileage cap within a tax year, it is counted as excluded from paying HVUT taxes to the IRS. During checks and roadside inspections, however, the vehicle must be identified using Form 2290 to validate its exemption.

E-filing has been one of the digital revolutions, allowing taxpayers to safely register and pay their Federal Excise Tax Returns with the Internal Revenue Service. The main motivation for implementing E-filing is to make it easier for taxpayers to meet their tax deadlines. It frees them up from making appointments at the nearest IRS office and waiting a day for their turn to come before they hit the counter. The worst thing is that any last-minute changes are ignored, forcing you to restart from the beginning. Instead, sit back, relax, and e-file your Form 2290 in a matter of minutes at truckdues website.

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For vehicles first used since February 2021, the HVUT Form 2290 partial period tax is now due on March 31.

Dear HVUT filers, the HVUT Form 2290 is now due for a renewal for the Trucks first used since February 01 2021 Period beginning July 1, 2020 through June 30, 2021. Thousands of truckers have e-renewed their HVUT Form 2290 for the current period already. So act before it’s too late to join the e-filer club and receive the IRS digital watermarked copy of schedule 1 as soon as possible.

In this blog lets refresh who should file a 2290 and how the taxes are calculated. There are two important factors that needs to taken into consideration while declaring your truck under a form 2290. Its based on the number of miles driven and the total gross weight of the vehicle

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The HVUT Form 2290 partial period tax is now due for vehicles first used since February 2021

Hello there truckers, Over this article, we are going to discuss the near–term HVUT Form 2290 deadline for vehicles that are into service since February 2021. The Federal law states that Form 2290 must be filed by the last day of the month following the month of its first use. On that basis, March 31, 2021, happens to be the deadline for vehicles first used in February 2021.

Now before you are going to e-file your pro-rated Form 2290, you need to figure out whether your Truck is Taxable or Suspended. Basically, there are 2 types of vehicles reported in Form2290 as follows: So why bring this up now? well, let’s see that.

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Why do we go for a 2290 Amendment?

Hey truckers it’s once again time for a few pointers and transfer of knowledge about your HVUT Form 2290 filings. The filing season was a hectic one, wasn’t it? Since you are done with filing the returns hope you checked your schedule-1 copies for any mistakes. Any mismatch in the information would end up as a void filing. The recent question which we faced was about “2290 AMENDMENTS”. In this blog, we are going to see when to file an amendment and how to and when not to.

An Amendment is bringing about a change or correction to an existing return. People often confuse between VIN correction and an amendment. The VIN correction needs to be done on a separate filing and this doesn’t relate to anything with the Amendments.

Amendments are basically for reporting two things

  1. When there is an increase in gross weight (truck, trailer, and max load capacity)
  2. When the suspended vehicle exceeds the mileage limit (over 5000 miles)
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Time is ticking! as the Form 2290 deadline Aug.31 fast approaches

Form 2290 for the tax year 2020 is due by Aug.31

Hello there dear truckers! Hope you’re all safe and sound. We are into the last phase of filing your taxes as we just have a week’s time before the deadline for your form 2290. As you know the form 2290’s are due by July and payable until august 31 every year. While most of you have filed your tax returns yet there are many who hasn’t filed yet. We would like to keep you posted about this as we are nearing the deadline and any filings done after august are subjected to penalties from the IRS.

Most of you have a common question asking that why should you renew now as your tag renewals are later this year and aren’t we supposed to do it only then? Well, that’s not how it works. Form 2290’s are always from July 1 to June 30 the following year and the taxes are to be paid upfront for the whole tax year. And how will the taxes be calculated? It depends on miles that you do in a tax year and the total gross weight of your vehicle {tractor + trailer + the max capacity that you can haul}. For a vehicle to qualify under a taxable category it should do more than 5000 miles in a tax year and the minimum gross weight should be 55000 lbs and above.

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Do you want to evade penalties? It’s about time you filed your form 2290

A month has passed by, yet the Form 2290 deadline has not..! The Form 2290 HVUT tax returns are due by the end of this month. Penalties for HVUT non-compliance are serious money; it is equal to 4.5 percent of total tax due, assessed on a monthly basis. Late filers who don’t make an HVUT payment also face an additional monthly penalty equal to 0.5 percent of the total tax due. Additional interest charges of 0.54 percent per month accumulate as well.

Well, who would wish to spare the hard-earned money towards paying a late filing fee with interests, nobody right!  Hence, don’t hold up until the deadline to be the last moment filer that would make easy things hard and hard things even harder; that even tends us to commit mistakes over the Form 2290 while filing in a rush.

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Uploading Bulk Vehicle Information is Quite Simple via TruckDues.com

As per the IRS instruction, Electronic filing Form 2290 is required for each return reporting 25 or more vehicles that you file during the tax period. However, you are encouraged to file electronically regardless of the number of vehicles being reported. Now when you are reporting an inventory that includes multiple vehicles information and that needs to be reported over your 2290 HVUT tax return, don’t think it might take a long time to enter all the vehicles one by one.

Instead, this process is quite simple when using our Bulk upload vehicle information option. You just need to download our excel spreadsheet which contains the required fields to enter the Unit Number , Vehicle Identification Number & to select the Taxable Gross weight in pounds, to select if the vehicle is a logging vehicle or Agricultural. Continue reading →

Wondering Which Vehicle Type Does Your Rig Falls In? First Hand Info Is Right Here

So taxpayers, did you file your prorated tax for your new vehicle through form 2290? If you have not yet filed and confused about your vehicle type, today’s blog will give you a clear explanation on the types of vehicles can be filed through form 2290.

Before any delay, we are heading towards the topic:

Types of Vehicles:

Taxable Vehicles:

The first vehicle filed through form 2290 is taxable vehicles. The main criterion for these vehicles to be categorized as taxable is the weight carried during the taxation season. It is believed that these heavy vehicles cause most of the damage and hence, the funds collected through the tax are directly contributed on the maintenance of the road. Also, if you own more than 25 heavy highway vehicles, you are mandate to efile form 2290 through an authorized efiling service provider like TruckDues.com. In addition, if you miss the due date or forget filing form 2290 by the last date of filing, you are liable to file your return with penalties and interest.

Suspended Vehicles:

The next set of vehicles, which can be filed through form 2290 are suspended vehicles. These vehicles do not cross more than 5,000 miles and 7,500 miles for agricultural purpose. Thus, they’re not required to pay dues, however, they need to keep IRS informed about their suspension through form 2290.

The Vehicles That Are Included In This Category Are:

  • Commercial vehicles with average mileage less than 5,000 and 7,500 miles for agricultural used vehicles
  • Mobile machinery for non-transportation function, non-transportation trailers and semi-trailers
  • Qualified as official blood collectors by blood banks and organizations

However, do note, if the annual miles exceeds more than 5,000 and 7,500 miles for agricultural vehicles, you are liable to file form 2290 Amendment and pay your dues to receive your schedule 1 copy.

Exempted Vehicles:

The third list of vehicles filed through form 2290 is exempted vehicles. The name speaks it all. These vehicles are operated and maintained by the government itself and thus, they are not required to pay their tax. Reporting the form 2290 is mandatory for any type of vehicle.

The following are the vehicles included in the list:

  • 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, include these vehicles in the list:

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

Logging Vehicles:

After exempted vehicles, logging vehicles are the one exclusively used for the conduct of logging operations.

These vehicles are exclusively used for the conduct of logging operations.

A Logging Vehicle Is Qualified On the Following Basis:

  • Exclusively used for transporting harvested products from the forested site, or for transporting products harvested from the forested site to and from locations on a forested site (public highways may be used between the forested site locations), and
  • Registered as highway motor vehicle and used exclusively in the transportation of harvested forest products. In addition, no special tags are required.

Agricultural Vehicles:

Involved in harvesting and transporting agricultural goods, agricultural vehicles can drive up to 7,500 miles annually. Exceeding miles will be treated payable against form 2290.

The Vehicles That Fall Under This Category Are:

  • Primarily used for farming purpose.
  • Registered under the highway motor vehicle but they are exclusively used for farming and agricultural purpose. In addition, there are no special tags to differentiate the vehicle.

With the types of vehicles and their detail explanation, we are sure you have understood and categorized your vehicles accordingly. Also, we would like to remind you if you have taken your vehicle out in October, you should be filing form 2290 on or by November 31st. Since the due date has already crossed your calendar, however, if you have missed filing your return, you can always report HVUT online through TruckDues.com.

Get in touch with our Tax Expertise at (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

Types of Vehicle Filed With Form 2290 Only @ TruckDues.com

So filers, how are you doing? Hope everything is on smooth grounds. Last week we had spoke about the security levels we maintain at TruckDues.com. However, today we are going to talk about the vehicles filed through form 2290. Yes, this application supports varied type of vehicles that need to be filed on or before the taxation season due date.

With no further delay, we are going to hit the discussion right away. Keep following:

Types of Vehicles:

Taxable Vehicles:

The very first and foremost type of vehicle filed through form 2290 is taxable vehicles. These vehicles are categorized as taxable based on the weight of the truck or the taxable gross weight of the truck & the mileage for the taxation season. The main reason for collecting the funds is to moderate and maintain the highways as these heavy vehicles cause most of the damage. Also, taxpayers and owner operators who own more than 25 vehicles should efile with an authentic efiling service provider like TruckDues.com. And if you miss to file form 2290 on or before the due date, you are liable to pay penalties online, which might be heavy on your pockets

Suspended Vehicles:

The next set of vehicles file form 2290 is suspended vehicles. These vehicles do not cross the minimum mileage i.e. 5,000 miles and 7,500 miles for agricultural purpose and thus, they’re not required to pay dues, however, they need to keep IRS informed about their suspension through form 2290.

The Vehicles That Are Included In This Category Are:

  • Commercial vehicles with average mileage less than 5,000 and 7,500 miles for agricultural used vehicles
  • Mobile machinery for non-transportation function, non-transportation trailers and semi-trailers
  • Qualified as official blood collectors by blood banks and organizations

However, do note, annual miles exceeding more than 5,000 and 7,500 miles for agricultural vehicles are calculated as taxable miles. You need to file Form 2290 Amendments to pay your dues and receive revised schedule 1 copy.

Exempted vehicles:

After taxable and suspended vehicles, exempted vehicles are the operated and maintained by the government itself and that is why they don’t have to pay any dues to IRS, however, they need to report form 2290 for their vehicle.

The following are the vehicles included in the list:

  • 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, include these vehicles in the list:

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

Logging Vehicles:

These vehicles are exclusively used for the conduct of logging operations.

A Logging Vehicle Is Qualified On the Following Basis:

  • Exclusively used for transporting harvested products from the forested site, or for transporting products harvested from the forested site to and from locations on a forested site (public highways may be used between the forested site locations), and
  • The vehicle is registered as highway motor vehicle and used exclusively in the transportation of harvested forest products. In addition, no special tags are required.

Agricultural Vehicles:

Agricultural vehicles are involved in harvesting and transporting agricultural goods, and the maximum mileage is 7,500 miles annually.

The vehicles that fall under this category are:

  • Primarily used for farming purpose.
  • Registered under the highway motor vehicle but they are exclusively used for farming and agricultural purpose. In addition, there are no special tags to differentiate the vehicle.

With this, we would like to remind you that if you have bought your vehicle on road for the first time in the month of August, you’re liable to file form 2290 by 30st September. So come over and file with TruckDues.com and experience anew. Get in touch with our Tax Expertise at (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