Hey there truckers, we hope this article reaches you in high spirits. 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.
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:
A larger number of truckers still aren’t sure about the exact due date of a Form 2290. Form 2290 is generally due by June & its payable until the end of August. However, 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 Suspended Vehicle exceeds its mileage limit for exemption.
Any heavy vehicle that is been used under 5000 miles (For commercial vehicles) & 7500 miles (For Agricultural vehicles) within a Form 2290 tax year is considered to be an exempt 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.
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.
When your nature of claim seems to coincide with either one of the above mentioned 3 scenarios, you are eligible to claim credits for the unused months of the vehicle until the expiration of the tax period for which the taxes were paid full in advance.
To get your money back for the unused months of the subjected vehicle, simply use a Form 8849 Schedule 6 to raise a refund request to the Internal Revenue Service. For which the IRS will be mailing a refund check to you in 21 Business Days upon a successful acceptance of your claim.
Federal law states, if any heavy vehicle was purchased within a respective tax period, a Form 2290 is necessarily required to be filed on the vehicle by the last day of the month following the month of its first use. On this basis, Form 2290 is due now by April 30th, 2018 for vehicles first used since March 2018. E-File your pro-rated HVUT returns before April 30th, 2018 if you had purchased any trucks during March 2018.
Reach us back for any further assistance over the following mediums:
Phone: (347) 515-2290 [Monday through Friday, 9 A.M to 5 P.M, Central Standard Time]
E-mail: support@truckdues.com
Live chat with our tax representatives.
Have a Good One! See you over the next article.