IRS tax Jargon’s are pretty complicated to decode, today let’s throw some light on the term “SUSPENDED VEHICLES”.  Taxpayers mostly get confused with the term Suspended vehicle, reason is very simple as per their understanding they think it means any vehicle that they take out of service is defined as suspended vehicle. That’s absolutely incorrect. So what does it mean?…

SUSPENDED VEHICLE: As per the IRS the term Suspended vehicle means, vehicles that are suspended from taxes in other words tax exempt vehicles. Any heavy vehicle with a gross weight of 55,000 pounds or above needs a Form 2290 filed for it by its respective owner. But the IRS has defined some distance speculations to determine whether the vehicle is taxable or Suspended (Tax Exempt).

If you own a truck and not expecting the truck to run more than 5000 miles in that Tax Year then you are exempt from taxes, which mean you have a suspended vehicle. But it is mandatory to file form 2290 for that particular Truck but you will be reporting it as suspended (tax exempt) vehicle. If you own an agricultural vehicle you mileage use limit is 7500 miles. If you use your truck less than that then you are tax exempt and report the vehicle under suspended vehicle category.

What is the best way to file form 2290 for Suspended Vehicle?

Like any other heavy vehicle the best, IRS recommended method is E-filing Form 2290. The most preferred online application to do it is www.tax2290.com . It is the first ever IRS certified E-file service provider for E-filing form 2290 & the ONLY DECADE OLD E-file service provider for e-filing federal excise tax form 2290 and it still continues to remain as the best in the industry. For more questions on suspended vehicles or Form 2290 call us @ 1-866-245-3918 or write to us @ support@taxexcise.com .