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Monday, June 25, 2012

What is My First Used Month(Form 2290)?



When Filing the IRS Form 2290, you will be asked to provide the First Use month for a vehicle.

This date refers to the time when the vehicle was placed in service during the tax period. If this vehicle has been in service for previous years and will continue to be in service this year, the first use month will be July. This is because the tax period for Heavy Vehicle Use Taxes is from July until June.

If a new vehicle is placed in service during the tax period, the first use month would be the month in which the vehicle was first used. If a vehicle was only used during part of the tax period, the tax for the year will be prorated.

To e-file a Form 2290 online, you can use www.ExpressTruckTax.com and if you have any questions about your First Use Month, you can contact the Truck Tax Experts at 704.234.6005.

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