What to do when truck exceeds the exemption limits?

There is one question that has been quite frequently asked about the filing of Form 2290. If the trucker assumed that his vehicle would not exceed 5000 miles in a tax year (7500 miles foe agricultural vehicles) and has filed a 2290 under suspender or exempt from taxes, but then you realize it is going to exceed the 5,000 miles. You don’t know what to do?

In this article we will dive into the details of what is required to be done if your truck exceeds the exemption limits.

The IRS has drafted specific guidelines differentiating vehicle categories by their total gross weight, the number of miles for which the desired vehicle is used over the public highway in a prescribed tax period.

The Federal law states, a vehicle that needs to be reported over a Form 2290 must complete these criteria, minimum taxable gross weight of 55,000 lbs (including weight of the tractor + weight of the loaded trailer) and when this vehicle is used for over 5000 (for commercial units) and 7500 miles (for agricultural units) within the tax period, then it is called taxable vehicle. When the subjected vehicle is less than 5000 miles (for commercial based unit) and less than 7500 miles (for agricultural units) within a tax period, is declared to be exempt from paying HVUT regardless of the taxable gross weight. These vehicles are also known as “Suspended Vehicles” in the terms of Form 2290.

When the trucker is filing for their HVUT, they are supposed to have an honest statement about whether you heavy highway motor vehicle will be used under or over the desired miles limit. In many cases the HVUT payers face situation where the truck has reported as an exempt vehicle but later the truck outrun the desired miles due to excessive work load or any other reasons.

So now the HVUT payer is required to immediately file an amended Form 2290 to report the unexpected change arisen over the vehicle category.  Suspended vehicles exceed mileage to convert an exempt unit to a taxable vehicle and pay annual tax. You won’t be able to make a pro-rated tax due to payment based on the time when the trucks exceed the mileage. IRS would expect the tax due to be paid in full.

For further assistance contact Hopes 2290, an IRS approved online tax filing service provider. Hope we were at help and this article cleared all your doubts and gave you a clear idea on when and how to file an amendment for a exempted vehicle exceeding the mileage limits.  Reach us through Phone Support: 1-510-474-1376, Spanish Support: 1-224-215-5888 Support Timings: Mon - Fri 7:00 am CST to 08:00 pm CST. You can also mail us at [email protected]. For a hassle free Tax 2290 e-filing contact Hopes2290.

Can IRS form 2290 Be Filed Online?

IRS 2290 is a tax levied on the highway motor vehicles used during the taxable gross weight of 55,000 pounds or more. Figure and pay the tax due on a used taxable vehicle acquired and used during the period and claim suspension from the tax when a vehicle is expected to be used 5,000 miles or less. IRS 2290 can also be used as proof of payment to register your vehicle in the state.

The IRS Form 2290 can be filled online and offline both. The offline process is a bit hectic and time consuming. So online filing of the form 2290 is much more preferable. You can file it electronically through any electronic return originator transmitter or with the help of an intermediate service provider.

Hopes2290 is one of the most trusted service providers which assist you to quickly e-file IRS form 2290. No need to go through all the paperwork, envelopes and stamps, file IRS heavy vehicle use tax online. It is much more easy and fast way to get your e-file tax 2290 in just few minutes. It is a completely secured process and you need not to worry about your documents safety. You even get the proof of the e-filing of the Form 2290 instantly so of course the online procedure is much more convenient and time saving.

Can IRS form 2290 Be Filed Online

IRS 2290 is a tax levied on the highway motor vehicles used during the taxable gross weight of 55,000 pounds or more. Figure and pay the tax due on a used taxable vehicle acquired and used during the period and claim suspension from the tax when a vehicle is expected to be used 5,000 miles or less. IRS 2290 can also be used as proof of payment to register your vehicle in the state.

The IRS Form 2290 can be filled online and offline both. The offline process is a bit hectic and time consuming. So online filing of the form 2290 is much more preferable. You can file it electronically through any electronic return originator transmitter or with the help of an intermediate service provider.

Hopes2290 is one of the most trusted service providers which assist you to quickly e-file IRS form 2290. No need to go through all the paperwork, envelopes and stamps, file IRS heavy vehicle use tax online. It is much more easy and fast way to get your e-file tax 2290 in just few minutes. It is a completely secured process and you need not to worry about your documents safety. You even get the proof of the e-filing of the Form 2290 instantly so of course the online procedure is much more convenient and time saving.