IRS Form 2290 Amendments
When the information of the vehicle changes, IRS wants you to file amendments to the originally filed form 2290. There are three types of amendments available for form 2290
- Additional Tax From Increase in Taxable Gross Weight
- Suspended vehicles exceeding the mileage use limit
- VIN Correction
Additional Tax From Increase in Taxable Gross Weight
This type of amendment is filed if the taxable gross weight of a vehicle increases
during the period and the vehicle
falls in a new higher category. For instance, an increase in maximum load customarily
carried may change the taxable gross weight. When this happens, you Need to calculate
and report the additional tax for the remainder of the period on Form 2290, line 3.
Also you need to check the Amended Return box and to the right of “Amended Return” write the month the taxable gross weight increased. This should be by the last day of the month following the month in which the taxable gross weight increased. With ExpressTruckTax.com, we make it easy to file this increase in taxable gross weight and accurately calculate the difference in tax due to IRS. You will also get your Schedule 1 for the new weight category in minutes.
Suspended vehicles exceeding the mileage use limit
This type of amendment is filed if a suspended vehicle exceeds the mileage use limit. Mileage use limit for a heavy vehicle on public highways is 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is on the road during a period, regardless of the number of owners.
You to need to calculate the tax on Form 2290, page 2, based on the month the vehicle was first used in the period. File the amended Form 2290 and Schedule 1 by the last day of the month following the month in which the mileage use limit was exceeded. With ExpressTruckTax.com, we make it easy to file this amendment and accurately calculate the tax due to IRS. You will also get your Schedule 1 for the weight category in minutes.
VIN Correction is filed if you have made a mistake in any of the VIN in the previously filed Form 2290.
VIN Corrections can be only done for Taxable or suspended vehicles and not for credit vehicles or for prior year suspended vehicles. When you file a VIN Correction Form 2290, you can’t combine it with claiming credits on the same form. The wrong VIN must have been paid for in the original form 2290. Otherwise, the IRS will assign penalties in addition to the actual tax.
ExpressTruckTax.com offers Efiling of VIN Correction with no strings attached. You can efile VIN Correction and get your corrected Schedule 1 in minutes.