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Showing posts with label HVUT Exemptions. Show all posts
Showing posts with label HVUT Exemptions. Show all posts

Wednesday, February 24, 2016

4 Types of HVUT Exempt Vehicles

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Do you need to file HVUT Form 2290 for your rig? 

Probably. Unless your vehicle is exempt, that is. And if you don’t know, you’re gonna have some issues come deadline day.

So how do you know if your vehicle is exempt from your heavy vehicle taxes?

Just ask the IRS! I’m sure they’ll get back to you with a straight answer right away. Yeah right! But that’s what we’re here for—streamlining your truck tax filing process. So we’ll break things down for you.

Suspended Vehicles

Some vehicles that count as exempt include suspended vehicles. These are based on the number of miles driven, like commercial vehicles traveling fewer than 5,000 miles annually and agricultural vehicles traveling fewer than 7,500 miles annually.

Logging Vehicles

The taxes are lower for logging vehicles—vehicles used for transporting products harvested from the forest and registered with the state agency as such. What counts as a logging vehicle? First off, the truck is used exclusively to transport a harvest from a forested site, or the truck is used exclusively to transport harvested materials from one forested site to another forested site. Even if you use a public highway between sites, your vehicle can still be considered a logging vehicle. You also need to register your truck as a logging vehicle in your base state.

Exempt Groups

I’m sure you’re not surprised to find out that federal, state, and local governments are exempt from HVUT. Sounds like Washington to watch out for themselves! Of course, this privilege extends to the American Red Cross, nonprofit volunteer fire departments, rescue squads, Indian tribal government vehicles, and mass transportation authorities.

Exempt Vehicles

Vehicles not considered highway motor vehicles are also exempt, like mobile machinery for non-transportation functions, vehicles designed for off-highway transportation, and non-transportation trailers and semi-trailers. This also extends to qualified blood collector vehicles used by qualified blood collector organizations, and non-transportation mobile machinery.

If you’re an exempt carrier, you may be required to file tax forms with the IRS or notify your local DMV of the exempt status being claimed. Does your truck fit into one of the above categories? Then it's time to celebrate, because you won’t need to file heavy vehicle use tax!

Not sure about the status of your vehicle? We're here to help! You can reach us by phone at 704.234.6005 or email them for 24/7 assistance at support@expresstrucktax.com. We're here to put your mind at ease!



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Monday, September 9, 2013

Form 2290 HVUT Requirements

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The heavy vehicle use tax or HVUT is an annual fee assessed on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. The gross taxable weight of a vehicle is determined by adding the unloaded weight of the motor vehicle and any trailers together with the maximum load customarily carried on-road by the truck-trailer combination. IRS Form 2290 is filed annually to pay the HVUT due on the taxable vehicle and proof of payment is the Stamped Schedule 1. The monies collected are used to offset the cost for road repairs and maintenance.

 Suspended vehicles (Category W) are still required to file a Form 2290, even though there is no tax due.  A vehicle is considered suspended if the motor vehicle does not exceed 5,000 miles or 7,500 miles for agricultural vehicles during the tax period, regardless of owners. 

An agricultural vehicle is any highway motor vehicle that is: 
  • Used (or expected to be used) primarily for farming purposes, and
  • Registered (under state laws) as a highway motor vehicle used for farming purposes for the entire period. A special tag or license plate identifying the vehicle as used for farming is not required for it to be considered an agricultural vehicle.
Also note that logging vehicles are taxed at a reduced rate.

There are some vehicles that are exempt from the tax and are not required to file Form 2290. They are:
  • The Federal Government,
  • The District of Columbia,
  • A state or local government,
  • The American National Red Cross,
  • A nonprofit volunteer fire department, ambulance association, or rescue squad,
  • An Indian tribal government but only if the vehicle's use involves the exercise of an essential tribal government function,
  • A mass transportation authority if it is created under a statute that gives it certain powers normally exercised by the state,
  • Qualified blood collector vehicles (see below) used by qualified blood collector organizations, or
  • Mobile machinery that meets the specifications for a chassis
  • For more information on exempt vehicles, go to irs.gov/trucker.
The IRS has simplified the process of filing Form 2290 and paying your HVUT taxes with the ability to E-File.  Anyone who is filing a return with 25 or more vehicles is required to file electronically, but everyone is now encouraged to E-File.  Through an IRS Authorized E-File Provider, like ExpressTruckTax.com, you can file your Form 2290, pay your HVUT taxes owed to the IRS and receive your Stamped Schedule 1 within minutes.  Your Schedule 1 serves as proof of payment for your HVUT and when you file by the deadline you will avoid any IRS penalties.

To get started today, visit ExpressTruckTax.com or contact our Express Tax Support Center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.  We have Spanish Support too!

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Monday, July 8, 2013

Form 2290 HVUT Requirements

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The heavy vehicle use tax or HVUT is an annual fee assessed on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. The gross taxable weight of a vehicle is determined by adding the unloaded weight of the motor vehicle and any trailers together with the maximum load customarily carried on-road by the truck-trailer combination. IRS Form 2290 is filed annually to pay the HVUT due on the taxable vehicle and proof of payment is the Stamped Schedule 1. The monies collected are used to offset the cost for road repairs and maintenance.

Suspended vehicles (Category W) are still required to file a Form 2290, even though there is no tax due.  A vehicle is considered suspended if the motor vehicle does not exceed 5,000 miles or 7,500 miles for agricultural vehicles during the tax period, regardless of owners.

An agricultural vehicle is any highway motor vehicle that is:
  • Used (or expected to be used) primarily for farming purposes, and
  • Registered (under state laws) as a highway motor vehicle used for farming purposes for the entire period. A special tag or license plate identifying the vehicle as used for farming is not required for it to be considered an agricultural vehicle.

Also note that logging vehicles are taxed at a reduced rate.
There are some vehicles that are exempt from the tax and are not required to file Form 2290. They are:
  • The Federal Government,
  • The District of Columbia,
  • A state or local government,
  • The American National Red Cross,
  • A nonprofit volunteer fire department, ambulance association, or rescue squad,
  • An Indian tribal government but only if the vehicle's use involves the exercise of an essential tribal government function,
  • A mass transportation authority if it is created under a statute that gives it certain powers normally exercised by the state,
  • Qualified blood collector vehicles (see below) used by qualified blood collector organizations, or
  • Mobile machinery that meets the specifications for a chassis

For more information on exempt vehicles, go to irs.gov/trucker.

The IRS has simplified the process of filing Form 2290 and paying your HVUT taxes with the ability to E-File.  Anyone who is filing a return with 25 or more vehicles is required to file electronically, but everyone is now encouraged to E-File.  Through an IRS Authorized E-File Provider, like ExpressTruckTax.com, you can file your Form 2290, pay your HVUT taxes owed to the IRS and receive your Stamped Schedule 1 within minutes.  Your Schedule 1 serves as proof of payment for your HVUT and when you file by the August 31, 2013 deadline you will avoid any IRS penalties.

For more information or to get started today, visit ExpressTruckTax.com or contact our friendly US Based Express Tax Support Center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.  We have Spanish Support too!

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Thursday, August 2, 2012

Form 2290 HVUT Requirements

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The heavy vehicle use tax or HVUT is an annual fee assessed on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. The gross taxable weight of a vehicle is determined by adding the unloaded weight of the motor vehicle and any trailers together with the maximum load customarily carried on-road by the truck-trailer combination. IRS Form 2290 is filed annually to pay the HVUT due on the taxable vehicle and proof of payment is the Stamped Schedule 1. The monies collected are used to offset the cost for road repairs and maintenance.
 
Suspended vehicles (Category W) are still required to file a Form 2290, even though there is no tax due.  A vehicle is considered suspended if the motor vehicle does not exceed 5,000 miles or 7,500 miles for agricultural vehicles during the tax period, regardless of owners.

An agricultural vehicle is any highway motor vehicle that is:

1. Used (or expected to be used) primarily for farming purposes, and

2.  Registered (under state laws) as a highway motor vehicle used for farming purposes for the entire period. A special tag or license plate identifying the vehicle as used for farming is not required for it to be considered an agricultural vehicle.

Also note that logging vehicles are taxed at a reduced rate.
There are some vehicles that are exempt from the tax and are not required to file Form 2290. They are

    1. The Federal Government,

    2. The District of Columbia,

    3. A state or local government,

    4. The American National Red Cross,

    5. A nonprofit volunteer fire department, ambulance association, or rescue squad,

    6. An Indian tribal government but only if the vehicle's use involves the exercise of an essential tribal government function,

    7. A mass transportation authority if it is created under a statute that gives it certain powers normally exercised by the state,

    8. Qualified blood collector vehicles (see below) used by qualified blood collector organizations, or

    9. Mobile machinery that meets the specifications for a chassis

For more information on exempt vehicles, go to irs.gov/trucker.

The IRS has simplified the process of filing Form 2290 and paying your HVUT taxes with the ability to E-File. Anyone who is filing a return with 25 or more vehicles is required to file electronically, but everyone is now encouraged to E-File. Through an IRS Authorized E-File Provider, like ExpressTruckTax.com

you can file your Form 2290, pay your HVUT taxes owed to the IRS and receive your Stamped Schedule 1 within minutes. Your Schedule 1 serves as proof of payment for your HVUT and when you file by the August 31, 2012 deadline you will avoid any IRS penalties. Contact our friendly US based customer support center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.
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Tuesday, July 31, 2012

IRS HVUT Form 2290 Taxes on Truckers

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According to the U.S. Bureau of Labor Statistics, the demand for truckers is increasing and is expected to continue to increase 10% over the next 10 years. The heavy vehicle use tax or HVUT is a fee assessed annually on these heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. This tax is paid by filing IRS Form 2290. The current tax period is July 1, 2012-June 30, 2013. The deadline to file for all vehicles used during the month of July is August 31, 2012.

The penalty for not filing the IRS Form 2290 by August 31st is equal to 4.5% of total tax due.  This amount is assessed on a monthly basis up to five months. Those who choose not to make their HVUT payment also face an additional monthly 0.5% of the tax due penalty. Additional interest charges of 0.54% per month accrue as well. Within 5 months of not filing and paying the HVUT tax, the HVUT liability that was originally $550 will be over $700 in IRS tax debt. In addition to the monetary federal penalties, states suspend the registrations of vehicles for which proof of HVUT payment has not been provided. So not only will the taxpayer owe more money, they will also be unable to renew their registrations, so they will be unable to work. HVUT evasion penalties can even be as severe as fines and incarceration.

There are a few instances where a vehicle is exempt from paying the HVUT tax, even if most of those instances; a Form 2290 is required to be filed even if no tax is due. You can find detailed information on the IRS site at www.irs.gov/trucker.

You can e-file your Form 2290 quickly and easily at ExpressTruckTax.com and receive your Schedule 1 within minutes. Your Schedule 1 serves as proof of payment for your HVUT and when you file by the August 31, 2012 deadline you will avoid any IRS penalties. Contact our friendly US based customer support center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.
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Tuesday, July 10, 2012

When to File an IRS Form 2290?

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Heavy Vehicle Use Taxes, or HVUT, must be filed using the Form 2290 on an annual basis. The Tax period for Heavy Vehicles begins on July 1st and ends on June 30th. 

For New Vehicles placed in service, the IRS Form 2290 must be filed by the last day of the month following the month of first use. For example, if you purchase and first use a vehicle in January, you must file a Form 2290 by the end of February. 

The Annual renewal of your Form 2290 for a new tax period must be completed during the months of July and August each year.

ExpressTruckTax.com is an authorized IRS e-file provider for Form 2290 for 2012, e-file HVUT Form 2290 today and get IRS stamped Schedule 1 in seconds. You can also contact our US based Customer support team @ 704.234.6005 or email us at support@expresstrucktax.com.
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