Hello, truckers! Keeping your trucks rolling involves more than maintaining them in good condition. It also involves thorough tax compliance. Without that, you can’t operate your heavy vehicles and trucks, though they are in good condition. The IRS is very strict about Highway Heavy Vehicle Use Tax reporting and payments. They tend to charge penalties, late fees, and interest on your tax dues if you fail to report your taxes on time.
Similarly, you must operate your heavy vehicles on public highways with a valid Schedule 1 copy. Also, you need the Schedule 1 copy for new vehicle registration, license renewals, insurance purposes, and also with the authorities like DMV, DOT, etc. Therefore, all truckers and trucking taxpayers must fulfill their truck tax liabilities to the IRS before the concerned deadlines.
