Filing A Form 2290 With The Irs(irs Stamped Schedule 1)
The Heavy Vehicle Use Tax, or HVUT, must be filed with the IRS for any highway motor vehicle that exceeds a gross weight of 55,000 pounds. IRS Form 2290 Schedule 1 is used to report all vehicles for which you are reporting tax (including an increase in taxable gross weight) and those that you are reporting suspension of the tax by category and vehicle identification number (VIN). The Schedule 1 may also be used as proof of payment to register your vehicle in any state. Use the stamped Schedule 1 that was returned to you by the IRS for this purpose.
Who Must File?
You must file a Form 2290 and Schedule 1 for the tax period beginning on July 1, 2010, and ending on June 30, 2011, if a highway motor vehicle is registered, or required to be registered, in your name under state, District of Columbia, Canadian, or Mexican law at the time of its first use during the period and the vehicle has a taxable gross weight of 55,000 pounds or more. Any type of business entity may file a Form 2290 with the IRS.
What Vehicles are Taxable?
The IRS considers taxable Highway Motor Vehicles to be any self-propelled vehicle that is designed to carry a load over public highways. Examples of such vehicles include trucks, truck tractors, and buses. The IRS typically does not consider vehicles such as vans, pickup trucks, panel trucks, or similar vehicles because they do not typically weigh 55,000 pounds or more. A vehicle may consist of a chassis, or a chassis and a body, but does not include the load of the vehicle.
Who is Exempt?
Although it is rare, some Vehicles that fit the above description may be exempt from the HVUT and Filing requirements of Form 2290. To officially be exempt from filing Form 2290, the vehicle must be owned and operated by the following:
The Federal Government
The District of Columbia
state or local government
American National Red Cross
Non-Profit Volunteer Fire Department, Ambulance Association, or Rescue Squad
Indian Tribe Government (Only if the Vehicle is Used for essential Tribe or Government Function)
Mass Transportation Authority (Only if granted certain powers normally exercised by the state)
Qualified Blood Collector Vehicles
Mobile Machinery that meets specifications for a chassis
When to File?
A Form 2290 must be filed annually, for each taxable vehicle that is used on public highways during the current period. The Current Period is from July 1, 2010 and ends on June 30, 2011. A Form 2290 must also be filed once a vehicle is placed in service. The due date for each month is the last day of the following month. For example: if a vehicle is placed in service on October 3rd, the Form 2290 will be due on November 30th.
Who Must File?
You must file a Form 2290 and Schedule 1 for the tax period beginning on July 1, 2010, and ending on June 30, 2011, if a highway motor vehicle is registered, or required to be registered, in your name under state, District of Columbia, Canadian, or Mexican law at the time of its first use during the period and the vehicle has a taxable gross weight of 55,000 pounds or more. Any type of business entity may file a Form 2290 with the IRS.
What Vehicles are Taxable?
The IRS considers taxable Highway Motor Vehicles to be any self-propelled vehicle that is designed to carry a load over public highways. Examples of such vehicles include trucks, truck tractors, and buses. The IRS typically does not consider vehicles such as vans, pickup trucks, panel trucks, or similar vehicles because they do not typically weigh 55,000 pounds or more. A vehicle may consist of a chassis, or a chassis and a body, but does not include the load of the vehicle.
Who is Exempt?
Although it is rare, some Vehicles that fit the above description may be exempt from the HVUT and Filing requirements of Form 2290. To officially be exempt from filing Form 2290, the vehicle must be owned and operated by the following:
The Federal Government
The District of Columbia
state or local government
American National Red Cross
Non-Profit Volunteer Fire Department, Ambulance Association, or Rescue Squad
Indian Tribe Government (Only if the Vehicle is Used for essential Tribe or Government Function)
Mass Transportation Authority (Only if granted certain powers normally exercised by the state)
Qualified Blood Collector Vehicles
Mobile Machinery that meets specifications for a chassis
When to File?
A Form 2290 must be filed annually, for each taxable vehicle that is used on public highways during the current period. The Current Period is from July 1, 2010 and ends on June 30, 2011. A Form 2290 must also be filed once a vehicle is placed in service. The due date for each month is the last day of the following month. For example: if a vehicle is placed in service on October 3rd, the Form 2290 will be due on November 30th.
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