“Make Hay While the Sun Shines” One of the oldest sayings but will suit every situation. Pouncing on the opportunity is one of the mandatory skills to survive in this competitive world. Especially if the Opportunity is to save few dollars of your hard-earned Money it is a must do. Truckers and the Trucking Industry professionals work hard for the betterment of the country and earn very less for the tedious job they do.
Taxes are part and parcel of any business and it is unavoidable. One such tax filed by Truck Owners and Trucking Companies is the Heavy Vehicle Use tax (HVUT) Form 2290. This Tax must be filed annually for any heavy vehicle with a gross weight of 55,000 pounds are above. Since the tax Period for HVUT goes from July to June and the Tax is paid in advance by the beginning of Tax Year we are up for the Upcoming Tax Period 2018 – 2019. Continue reading