IRS Recommends Truckers To Make Changes And Corrections That Amends Through Form 2290

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While filing form 2290 is mandatory for truckers as per the norms of IRS and there are times that truckers would want to make changes and corrections in form 2290 when reporting to IRS of their current factual position towards address changes

It is known that truckers file form 2290 for their excise tax returns for taxable gross weight of 55,000 pounds or more for their vehicles. The HVUT which is the Federal highway use tax for heavy vehicles and the fee for a weight of 55,000 pounds payable every year amounts to $550 and more the weight of the vehicle the more will be the taxable amount need to be paid by truckers. Normally the tax year begins on July 1st 2013 and ends on June 30th 2014.The balance which is due as shown on form 2290 must be paid in full by the due date of the return. For trucks, truck tractors and buses weighing 55,000 pounds or more which are in use during April 2014, the excise tax must be paid by May 31st of the same year.

Especially paying excise tax through IRS form 2290 is a must and important pre-condition for vehicles registration and the proof of payment of excise tax by truckers is needed to be submitted or shown to state governments for proper vehicle registrations. Now e-filing of form 2290 through IRS certified partner makes it easier to get the schedule 1 acknowledgement in no time for the said purpose to authenticate the proof of payment to be submitted to state governments for hassle-free vehicle registration. For fleets with 25 or more heavy vehicles, the e-filing of IRS form 2290 through IRS certified service provider is a must and compulsory. Even smaller fleet-owners can e-file form 2290 for their HVUT returns.

While filing form 2290 is mandatory for truckers as per the norms of IRS and there are times that truckers would want to make changes and corrections in form 2290 when reporting to IRS of their current factual position towards address changes, any increase of gross weight of taxable vehicles, exceeding mileage use limit of suspended vehicles ,VIN (Vehicle Identification Number) corrections in order to change the VIN as in previously filed schedule 1 and also if truckers do no longer have any taxable vehicles to report as final return.IRS recommends the truckers to report on all these changes and corrections that amends the return through form 2290.

The purpose of this amendment recommendation by IRS form 2290 is to ensure that no excise tax should go unpaid to Federal exchequer especially with regard to the increase of taxable gross weight of heavy vehicle attracts additional excise tax payable to IRS for example if the increase in taxable gross vehicle weight happened in the month of April 2014 then the trucker must report through the amendment form 2290 and pay excise tax by May 31st 2014.

Also in case of excess mileage use limit of suspended heavy vehicle say above 5,000 miles will also attract additional excise tax. Normally the suspended heavy vehicles traveled or used  upto 5000 miles or below on a public highway and agricultural vehicles which are used upto 7,500 miles are not subjected to excise tax payable by truckers is worth notable. So it is important for truckers to report the excess mileage use limit of suspended vehicles through form 2290 to amended returns.

 truck tax filing Src: Flickr

Similarly VIN which is 17 characters alpha-numeric is very important for filing form 2290 and so if any mistakes done in vehicle identification number in the previously filed schedule 1 acknowledgement then the truckers have to use form 2290 amendment to revise the VIN as the correct one for smooth future use.

The final return as meant in the form 2290 amendment helps truckers to declare if they no longer have any taxable heavy vehicles to use and thereby they can be free from filing IRS form 2290.

Truckers, fleet-owners, bus-operators  can use Form 2290 amendment to make changes and corrections on addresses, amended return, VIN correction and final return by e-filing form 2290 through IRS certified service provider http://www.ETAX2290.com

IRS sends no reminder to truckers for paying excise taxes by due dates and so please e-file your excise tax return by May 31st 2014 for your heavy vehicles first used in April 2014.

For all your filing requirements of excise tax form 2290 please visit http://www.ETAX2290.com