Hello, truckers! As this year’s tax period is approaching soon, every trucker must report the form 2290 truck taxes and pay the tax dues to the IRS. The truck tax form 2290 is mandatory for taxable vehicles and non-taxable vehicles. All heavy vehicles should have the schedule 1 copy to operate on the public highways of the United States. And there is another category of heavy vehicles that don’t have to report the form 2290 truck taxes. Those heavy vehicles are completely exempted from form 2290 HVUT by the IRS and the Federal government.
Taxable Vehicles:
As per the IRS regulations, all the heavy vehicles and trucks that come under the taxable vehicle category should report and pay their truck tax reports using the form 2290 every tax year and get the schedule 1 copy. The heavy vehicles should have a total gross weight of over 55,000 pounds and are estimated to run more than 5,000 miles (7500 miles for logging vehicles) on the public highways are liable to pay the form 2290 taxes to the IRS. Truckers and truck taxpayers should report and pay the form 2290 truck taxes and get the schedule 1 copywithin the deadline. If not, IRS will charge penalties, late charges, and interests on the pending tax dues.
Tax Suspended Vehicles:
The heavy vehicles that don’t come under the taxable vehicle category should report the form 2290 truck taxes to the IRS as tax suspended vehicles and get the schedule 1 copy accordingly. The tax suspended vehicles are not liable for any form 2290 tax payments. They just need to file the truck tax reports to the IRS for the particular tax period.
Tax Exempted Vehicles:
Certain heavy vehicles or trucks used for specific purposes and operated by distinct organizations are tax exempt from the HVUT, which is to be reported using form 2290. The heavy vehicles or trucks are not subjected to form 2290 truck taxes if they are operated by,
- The Federal Government.
- The District of Colombia.
- A State or Local Government.
- The American National Red Cross.
- Non-profit Volunteer Fire Department, Ambulance Associations, or Rescue Squads
- An Indian tribal government but only if the vehicle’s use involves the exercise of an essential tribal government function.
- A mass transportation authority if it is created under a statute that gives it certain powers normally exercised by the state.
Other vehicles that are exempted from form 2290 HVUT are,
- Qualified blood collector vehicles used by qualified blood collector organizations.
- Mobile machinery that meets the specifications for a chassis as described under Specially designed mobile machinery for non-transportation functions.
- Concrete pumps.
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