Each Year, Heavy Vehicle owners must file an IRS Form 2290 in order to fulfill the Heavy Vehicle Use Tax. This applies to all vehicles whose taxable gross weight is 55,000 pounds or more. This also only applies to vehicles operating on public roads for at least 5,000 miles during the tax year of July 1 – June 30. This mileage limit is different for agricultural [or farm] vehicles. Vehicles that are used for agriculture are allowed to travel up to 7,500 miles on public roads during the year and still remain exempt from the Heavy Vehicle Use Tax.
There are three different categories for HVUT rates for these vehicles. Vehicles below 55,000 pounds do not have HVUT because they do not qualify as a heavy vehicle. Vehicles between 55,000 and 75,000 pounds owe $100, plus $22 per 1,000 pounds over 55,000 pounds. Finally, for vehicles that are over 75,000 pounds the maximum HVUT is $550 per year.
Although it is rare, some Vehicles that fit the above description may be exempt from the HVUT and Filing requirements of Form 2290. To officially be exempt from filing Form 2290, the vehicle must be owned and operated by the following:
The District of Columbia
The Federal Government
State or local government
Mass Transportation Authority (Only if granted certain powers normally exercised by the state)
Non-Profit Volunteer Fire Department, Ambulance Association, or Rescue Squad
Indian Tribe Government (Only if the Vehicle is used for essential Tribe or Government Function)
American National Red Cross
Mobile Machinery that meets specifications for a chassis
Qualified Blood Collector Vehicles
As mentioned previously, a Form 2290 must be filed annually for each taxable vehicle that is used on public highways during the tax period. The Tax Period is from July 1st, and ends on June 30th. A Form 2290 must also be filed once a vehicle is placed in service. The due date for each month is the last day of the following month. For example: if a vehicle is placed in service on April 3, the Form 2290 will be due on May 31.
www.ExpressTruckTax.com allows you to fill out your IRS Form 2290 online and send it to the IRS electronically! This way you can get a stamped schedule 1 in about 10 minutes. Express Truck Tax is authorized by the IRS to E-File Form 2290. The taxpayer will then receive the schedule 1 via email or fax as soon as the IRS processes the form. The form will then be watermarked by the IRS instead of an actual physical stamp. Be sure to get this taken care of soon because the due date for all vehicles.