Line 1: First Use Month
The First Use Month refers to when you used your truck for taxable purposes. If the first use month is July, enter the code "202207" in the designated boxes on the right side of the form. For any other first-use month, simply enter the corresponding month code.
Line 2: Tax
Line 2 requires you to enter the total tax amount for the vehicles reported on page 2 of the form, specifically in column (4). Calculate the total tax based on the taxable weight of your vehicles and enter the accurate amount in this line.
Line 3: Additional Tax from an Increase in Taxable Gross Weight
Line 3 should be used only when the taxable gross weight of a vehicle increases, and as a result, it falls into a new weight category. If this applies to your vehicle, enter the additional tax amount resulting from the weight increase in this line.
Line 4: Total Tax
If you have entered any additional taxes on Line 3, add that amount to the total tax calculated on Line 2. Enter the sum of these amounts on Line 4, representing the total tax liability for your vehicles.
Line 5: Credits
Line 5 is to be used if you claim a credit for a vehicle that was sold, destroyed, or driven 5,000 miles or less (7,500 miles or less for an agricultural vehicle) during the previous tax year. Enter the credit amount you are eligible for on this line.
Line 6: Balance Due
If you claim any credits on Line 5, subtract that amount from the total tax calculated on Line 4. The result will be the balance due to the IRS. Enter this amount on Line 6, which represents the remaining tax amount you owe.
If you wish to pay the tax amount using the Electronic Federal Tax Payment System (EFTPS), select that payment option at this point.
Ensure the information provided is accurate and specific to your circumstances. Always double-check your entries to avoid any errors when filing the form.