Hello there truckers, Hope you had a wonderful valentines week amidst your loved ones. The love towards our close ones drives us every day doesn’t it? While that being said your love and passion for trucking drives the nation. The Pro-rated HVUT Form 2290 is now due by March 1 2021 for vehicles first used since January 2021. This Pro-rated deadline is drafted based on the Federal law that indicates Form 2290 must be filed by the last day of the month following the month of its first use.
If you had purchased/re-purchased any new trucks during January 2021, then you got 60 days before you could file this Form 2290, you generally file this tax form to get your vehicle plates, tags, licenses renewed.
The HVUT Form 2290 is basically an annual tax paid to the Internal Revenue Service which is paid on Heavy trucks which comprises a taxable gross weight of 55000 lbs to the minimum until 80000 lbs & above and if the said truck is used on the public highways for commercial, agricultural & logging purposes.
However, if the vehicle is determined to be a Taxable vehicle I.e.if mileage is over 5000 miles (Where the tax payment needs to be made full in advance to the IRS) or Suspended/Exempt vehicle (Where no tax payment needs to be made to the IRS) based on the desired mileage limit for exemption drafted by the Internal Revenue Service by virtue of the nature of job the utility vehicle performs i.e. less than 5000 miles for commercial and 7500 miles for agricultural vehicles
Since it’s just a few months left before this tax year ends most of you would have a doubt whether to assess if your truck would go more than 5000 miles or not. If that’s the case you can file 2290 under suspended or exempt from tax category for now and if the vehicle should cross the mileage limit you may file an amendment under “Suspended vehicle exceeded mileage limit” and pay the prorated taxes then Still confused ? not to worry you may reach our agents at 347-515-2290 or simply drop an email to support@truckdues.com for any assistance and queries relating to your form 2290. You may also clarify your questions through live chats as well.