The annual fee assessed on heavy vehicles for their operations on public highways at registered gross weights equal to or exceeding 55,000 pounds, called HVUT (Heavy Vehicle Use Tax), should be paid to the IRS (Internal Revenue Service) who is responsible for tax collections. The reason all proud truckers should be doing their yearly heavy vehicles tax return filing duty (e-file with authorized software providers like tax2290.com recommended by IRS) aligns perfectly with funding our nation’s highway improvisation programs. Proof of such payments (IRS stamped Schedule 1) will be required for registration renewal to relevant state authorities. This is what we know or at the least what we ought to know in case we don’t, while dealing with heavy vehicles on public highway roads. There are some categories that the heavy vehicle use tax division doesn’t wish to know, called suspended vehicles. According to the IRS, the following are exempted from paying the HVUT. Continue reading
IRS Heavy Vehicle Tax exemptions (HVUT Exemptions)
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