Some Frequently Asked Questions about Tax Exempted and Tax Suspended Heavy Vehicles!

Hello, truckers! Reporting form 2290 truck taxes to the IRS every year is tedious; you must gather your trucks’ tax reports and report them to the IRS without any errors. If you make any errors accidentally, they will reject your 2290 tax reports, and you will have to file them again. To ease this process, Tax2290.com offers convenient form 2290 e-filing services with an effective online platform where all truckers can e-file form 2290 online accurately and get the instant schedule 1 copy on time. As the entire form 2290 e-filing process is automatic, you cannot make any errors, and IRS will process your tax returns within no time. You can e-file form 2290 truck taxes from the comfort of your home or office using your PCs, laptops, smartphones, and tablet devices. Also, you can e-file form 2290 for your tax-suspended heavy vehicles and get the schedule 1 copy accordingly.

Now let us have some answers to some questions regarding tax suspended and exempted heavy vehicles,

What is a Tax Suspended Heavy Vehicle?

If your heavy vehicle doesn’t fall under the taxable vehicle category, i.e., having a total gross weight of less than 55,000 pounds and estimated to travel less than 5,000 miles on public highways, it is a tax-suspended vehicle. You must report form 2290 truck taxes for these vehicles as tax-suspended vehicles and get the schedule 1 copy accordingly. But need not to pay any taxes.

What is a Tax Exempted Vehicle?

When you or your company operate a heavy highway vehicle for The Federal Government, the American Red Cross, Indian Tribal Governments (to carry out essential tribal government functions), or Mass Transportation Authority (under certain conditions), you need not pay any form 2290 truck taxes. You are completely exempted from reporting or paying form 2290 truck taxes to the IRS. However, you must consult the authorities and IRS to deem your heavy vehicle tax exempted.

How should I e-file form 2290 for my tax-suspended vehicle on Tax2290.com?

You can check the tax suspended vehicle box (or Category W) and enter the tax period and first used month of your vehicle while preparing your form 2290 tax reports in Tax2290.com. You can also attach proofs and documents that support your vehicle’s tax suspension status. Once you e-file form 2290 in our platform, IRS will process your tax returns and email you the schedule 1 copy.

What should I do if my tax-suspended vehicles become taxable at any time during the tax period due to unavoidable circumstances?

Suppose your heavy vehicle crossed the tax suspension limit (crossing the total gross weight limit of 55,000 pounds and mileage of 5,000 miles for heavy commercial vehicles and 7500 miles for agriculture vehicles). In that case, you can file for form 2290 amendments in its respective category. You must estimate the tax dues from the vehicle’s first used month and pay them accordingly to get the revised schedule 1 copy. You can apply for form 2290 amendments easily on Tax2290.com.

Contact our customer support at +1 (866) 245 – 3918 for further questions and assistance in e-filing form 2290 online on Tax2290.com!