Highway Vehicle Use Tax form 2290 can be reported electronically thorough www.tax2290.com, and IRS stamped Schedule-1 copy can be received in minutes. Through TEXT Alert, you could know the status of your truck Tax return. Enroll to Receive Schedul-1 copy by FAX. No need for you to look for a printer, to print your return to take it to a DMV to register your truck. The IRS stamped copy with IRS efile watermark is accepted across all DMV’s in the states.
When the information of the vehicle changes or filed with mistakes, IRS wants you to file amendments to the originally filed form 2290. There are three types of amendments available for form 2290
1. Additional Tax from Increase in Taxable Gross Weight
2. Suspended vehicles exceeding the mileage use limit
3. VIN Correction
Additional Tax from Increase in Taxable Gross Weight
When a taxable gross weight of a reported vehicle increases during the same tax period and the vehicle falls in a new higher category you need to report an amendment. Need to pay some extra tax for upgrading to next higher category. For instance, an increase in maximum load normally carried may change the taxable gross weight.
When this happens, you need to calculate and report the additional tax for the remainder of the period on Form 2290, line 3. This should be by the last day of the month following the month in which the taxable gross weight increased.
At www.Tax2290.com, we make it easy to efile this increase in taxable gross weight and accurately calculate the difference in tax due to IRS. You will also get your updated Schedule-1 copy for the new weight category in minutes.
Suspended vehicles exceeding the mileage use limit
When a suspended vehicle exceeds the reported mileage use limit, you need to report an Amendment. Mileage use limit for a heavy vehicle on public highways is 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is on the road during a period, regardless of the number of owners.
You to need to calculate the tax on Form 2290, page 2, based on the month the vehicle was first used in the period. File the amended Form 2290 and Schedule 1 by the last day of the month following the month in which the mileage use limit was exceeded.
With www.Tax2290.com, it’s easy to efile this amendment and accurately calculate the tax due to IRS. You will also get your Schedule 1 for the weight category in minutes.
VIN Correction is filed if you have made a mistake in any of the VIN in the previously filed Form 2290.
VIN Corrections can be only done for Taxable or suspended vehicles and not for credit vehicles or for prior year suspended vehicles. When you file a VIN Correction Form 2290, you can’t combine it with claiming credits on the same form. The wrong VIN must have been paid for in the original form 2290. Otherwise, the IRS will assign penalties in addition to the actual tax.
www.Tax2290.com offers E-filing of VIN Correction, by efile you can get your corrected Schedule 1 in minutes.
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