Taxable Vehicles & Taxable Gross Weight Archives

Form 2290 Amendments: How to Correct Errors in Taxable Gross Weight?

Posted on June 7, 2024 - 7:10 am by Sandeep

Form 2290 is a crucial form for every heavy vehicle owner to report heavy vehicle use tax (HVUT). However, filing the heavy vehicle use tax (HVUT) or Form 2290 can be a tedious task for many of us. If you just realized that you’ve made an error in your form, fret not! The IRS offers the option to make amendments to your already filed Form 2290. This ensures that truck owners and fleet operators get a chance to make corrections to any misreported information.

WHAT IS FORM 2290 AMENDMENT?

Form 2290 Amendment is an IRS return that must be filed when there is a change in the reportable information of the heavy highway vehicle. It must be filed separately in correspondence with the previously filed 2290 returns to “amend” the reportable vehicle information.

A Form 2290 Amendment must be filed if:

There is an increase in the taxable gross weight of the vehicle
If the suspended heavy vehicle exceeds the mileage use limit

These are the only two scenarios for which a Form 2290 Amendment must be filed.
If you want to amend or correct other reportable information, such as a VIN, then a 2290 VIN Correction form must be filed separately.

1. Increase in taxable gross weight:

If the taxable gross weight of your vehicle increases from 55,000 to a higher weight limit, then you must file Form 2290 Amendments to report this to the IRS.
Heavier vehicles are taxed at a higher rate. So, for instance, if the gross weight of your vehicle increased from 55,000 to 72,000 pounds, then the IRS would start taxing you per the standardized rates as follows.

Gross Taxable Weight	HVUT Rates
Below 55,000 lbs	No tax
55,000-75,000 lbs	$100 plus $22 per 1,000 pounds over 55,000 lbs
Over 75,000 lbs	$550

Source: Federal Highway Administration

Note: If the taxable gross weight of the vehicle decreases below the 55,000 pounds threshold or if your vehicle simply weighs less than 55,000 pounds, then your vehicle doesn’t qualify for the 2290 HVUT.

2. Exceeded Mileage:

When a suspended vehicle exceeds the mileage use limit, you’d be required to file a Form 2290 Amendment. This is to communicate to the IRS about the increase in the mileage utility above the prescribed limits.
A non-agricultural, commercial truck that meets the HVUT weight limit can utilize up to 5,000 miles without being taxed. Similarly, an agricultural vehicle can utilize up to 7500 miles without being taxed. When a vehicle is not taxed, it’s called a “suspended” vehicle because it is “suspended” from taxes.
Even though you don’t have to pay taxes on suspended vehicles, you’ll still need to file a 2290 tax return. However, when the mileage limit exceeds, i.e., the commercial vehicle exceeds the 5000-mile limit (7500 miles for agricultural vehicle), the 2290 HVUT tax will be applicable to the vehicles, automatically revoking the “suspension” status of the vehicle.

In both cases, you will need to file a Form 2290 Amendment to the IRS.

STEPS TO FILING 2290 AMENDMENT ONLINE

Now you can e-file your Form 2290 Amendment with EZ2290 in a jiffy. Just follow these four simple steps and leave the rest to us.

Login: Create your EZ2290 account, if you don’t already have one. If you’re a member, log in to your EZ2290 account.

Fill in the Form: Select ‘2290 Amendment’ eFile service from your user dashboard. Even if you did not e-file with us previously, you can still transmit your 2290 Amendments to the IRS through EZ2290.

Validate the information: When you’re eFiling the Form 2290 Amendment, it means that you are correcting a previously misreported information. So, be sure to validate your details thoroughly before you submit.

Submit the Amendments: Submit your Form 2290 amendment with EZ2290’s secure e-filing platform. We directly transmit your submissions to the IRS, leaving no room for compromised security or data interceptions.

When you eFile 2290 Amendments with EZ2290, the IRS will send an electronic version of the Schedule-1 for the amended return. If you want to amend a previous filing, you can go to your dashboard and select the period for which you want to file the amendment.

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IRS Form 2290: Taxable Vehicles & Taxable Gross Weight

Posted on August 25, 2022 - 11:39 am by Sandeep

Defining and understanding the taxable vehicles and taxable gross weight of vehicles in HVUT Form 2290 reporting.

As years pass by, thousands of businesses are educating themselves on the importance of compliance.

Times have changed.

Compliance is something that is no longer debatable.

Trucking businesses understand the perks of staying in the good books of the DOT and the IRS.

This is because of the common understanding that compliance = uninterrupted business.

As a result, tens of thousands of trucking companies, owner-operators, and fleet owners are filing their HVUT 2290 forms with the IRS.

And why not?

Filing HVUT 2290 returns help communicate specific vehicle information to the IRS.

This information is further used to validate and hold a business accountable to certain regulatory protocols and compliance assessments, keeping the trucking ecosystem in check.

The focus of our discussion will primarily be on the fundamentals of HVUT or Heavy Highway Vehicle Usage Tax.

So, we will be addressing questions, such as:

Why do trucking businesses need to file HVUT 2290 returns?

What are the fundamental driving factors that qualify certain vehicles as “taxable”?

What kind of vehicles are taxable according to the HVUT 2290 reporting instructions?

What is the taxable gross weight of a vehicle?

And more.

So, let’s get to it.

Understanding the logic: HVUT taxes

HVUT or Heavy Highway Vehicle Usage Tax is a federal excise tax imposed on qualified vehicles that operate on federal highways.

HVUT vehicles can be trucks, semi-trucks, and combination vehicles that meet certain parameters, enabling them to function or operate on highways.

The IRS imposes this tax on the owner of the vehicle. Regardless of the number of owners, the vehicle owner(s) need to file the HVUT Form 2290 and pay the HVUT tax due on the vehicles.

The funds collected through HVUT tax regulations are used for a variety of federal transportation infrastructure, including but not limited to:

Highway repair and maintenance
Safety training programs
Bridge maintenance
Accident prevention programs

And more.

HVUT tax is imposed on qualified highway vehicles because they tend to operate on the highways, resulting in:

Higher utilization of the federal highways.
Wear and tear.
Gradual deterioration of the roads.

The fact that HVUT is one of the most significant sources of the FHWA, can’t be ignored.

We must also consider other initiatives the Federal Highway Administration undertakes to provide a better driving experience to heavy vehicles, including safety signage, lane allotment, accident prevention measures, and safety programs.

So, when a trucking company fails to comply and skips paying the HVUT tax, the business is basically disregarding the tax filing and payment protocols, which would indirectly have an impact on the FHWA funds.

As a result, the business would be required to pay penalties and receive prohibition notices from the DMV or DOT, making it difficult for the business to operate smoothly.

This is why trucking businesses are advised to follow the HVUT tax information reporting, filing, and payment regimes; to prevent trouble with the federal agencies.

So, if you own a trucking company, it’s wise to pay attention to your HVUT tax filings and pay your taxes on time if not earlier.

Let’s look at the key aspects that define the HVUT vehicles as follows.

What are HVUT 2290 vehicles?

Vehicles that qualify for the HVUT taxes are known as HVUT vehicles or 2290 vehicles. The tax paid by the business or the owner of the vehicle is directly related to certain parameters of the vehicle, including its weight, month of first use, and mileage utility.

This is why vehicles that qualify for HVUT taxes are known as HVUT vehicles.

What is the taxable gross weight of the vehicle?

The taxable gross weight of a vehicle is the unloaded or “empty” weight before any goods are loaded into the vehicle.

This weight should include the weight of all the essential components and parts of the vehicle that are critical for the optimal functioning of the vehicle on the highways.

The weight of the engine, battery, axles, flat beds, exteriors, and all other components of the vehicle that help the vehicle operate on the road without interruptions, must be considered in the vehicle’s taxable gross weight.

The loading weight must be separated from the gross weight of the vehicle, which gives you the “taxable” gross weight of the vehicle.

Businesses can use CAT Scales to measure and validate the weight of the vehicles.

If the empty weight of your vehicle is 57,000 pounds before you load the shipments, then that’s the taxable gross weight of your vehicle

It’s essential to note that vehicles that weigh 55,000 pounds or more qualify for HVUT taxes.

What kind of vehicles are taxed under HVUT tax rules?

All kinds of vehicles that weigh 55,000 pounds or more that utilize the federal highways for transportation or commerce are taxed under the HVUT tax rules.

Agricultural vehicles, non-agricultural vehicles, logging vehicles, non-logging vehicles, commercial vehicles, and other qualified highway vehicles are taxed under the HVUT regime.

Agricultural vehicles are suspended from HVUT until they exceed the 7500-mile limit.

Non-agricultural vehicles are suspended from HVUT until they exceed the 5000-mile limit.

When the mileage use limit exceeds, vehicle owners must make a note of the month in which the limit was exceeded and report the same on Form 2290.

The vehicle will be taxed appropriately thereafter.

How to report the taxable gross weight of qualified vehicles on the 2290 form?

When reporting with Form 2290, it’s important to validate the information to maintain reporting accuracy.

Details like vehicle identification number (VIN), logging status of the vehicle, month of first use, mileage use limit, EIN and legal name of your business, and other information, is essential to report your HVUT tax information.

In the “tax computation” section of Form 2290, you will see that the IRS categorizes vehicle weight ranges.

Select the weight range of your vehicles, and enter the number of vehicles you own along with the logging status of the vehicle.

A standard vehicle that has a gross taxable weight of 55,000 pounds is taxed at $100.

For every 1000 pounds the vehicle adds to its gross taxable weight, an additional $22 is added to the HVUT tax.

Take a look at the tax computation section as taken from the IRS 2290 HVUT form.

How to eFile HVUT Form 2290 online?

Report qualified vehicles on HVUT Form 2290 and file the IRS Form 2290 online with an IRS-authorized eFile provider like EZ2290.

EZ2290 offers:

Quick and easy bulk data import
Dynamic form completion
Automatic HVUT tax calculations
Secure & encrypted eFile transmissions
Free 2290 VIN Corrections
Free Re-files for rejected returns
Online options to pay your HVUT with convenience
Priority 2290 tax support

And much more.

10,000+ trucking businesses eFile their HVUT 2290 forms with EZ2290 confidently.

Sign Up For Free & eFile Form 2290 Now

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Tag: Taxable Vehicles & Taxable Gross Weight

Form 2290 Amendments: How to Correct Errors in Taxable Gross Weight?