Category: Tax Form 2290

Trucking Spotlight

Posted on July 17, 2012 by - 2009, 2290, BC Trucking, Cynthia Danford, ETT, expresstrucktax, Form 2290, HVUT, Peterbilt, Tax Form 2290, Truck, Trucking Spotlight

–  Cynthia Danford

–  BC Trucking Inc

–  We have owned this 2009 Peterbilt and have had no problems at all. We polish every year to make it look the best. We are proud of our truck.

We are proud to showcase our clients’ trucks on our blog, if you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank you!

Internal Revenue Service Form 2290 Section Overview

Posted on July 13, 2011 by - 2290 Road Tax, 2290 Tax Refund, Express2290, expresstrucktax, Form 8849, Internal Revenue Service Form 2290, Paying 2290 Tax Online, Tax Form 2290, Where to Pay 2290 Tax

First Use Month
The First Use Month refers to the month that the vehicle was first used during the tax period.  If the vehicle will be used for the entire Tax Period, then July would be the appropriate month to select.  

Taxable Vehicles
On The Taxable Vehicles section, you can enter all of your taxable motor vehicles weighing 55,000 lbs or more.  Do Not Add vehicles that you expect to use less than 5,000 miles during the tax period (or 7,500 miles, If Agricultural Use).  These Vehicles are known as low mileage, tax suspended, or category W vehicles; and they can be added in another section.

Suspended Vehicles
Tax Suspended Vehicles, also known as low mileage or category W vehicles are not subject to taxation because these vehicles will remain below the mileage threshold of 5,000 miles during the tax period (or 7,500 miles, if Agricultural use).  

Prior Year Suspended Vehicles
If You Reported any vehicles as Tax Suspended or category W during the previous tax period, you must report these vehicles to the IRS if either of the following occurred:
A:  The Vehicle exceeded the mileage threshold
or
B: The vehicle was Sold
Do Not add a suspended vehicle if neither of these occurred

Sold, Destroyed, or Stolen Vehicles
If you Sold a taxable vehicle, or that vehicle was destroyed or stolen before June 1st, you are eligible for a pro-rated credit or refund.

Low Mileage Credits
If you paid Heavy Vehicle Use Taxes, but did not exceed the mileage threshold during a prior tax period, you are eligible for a credit or refund of the Heavy Vehicle Use Taxes paid during that period. Enter all applicable vehicles in this section.