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