What are farm vehicles, and how do you report farm vehicles on Form 2290? Learn all about 2290 farm vehicles in this simple guide.
Defining Farm Vehicles
A farm vehicle is a vehicle that is exclusively used for farming purposes.
Tractors, pickup trucks, track tractors, balers, 4-wheel drive tractors, and other similar types of vehicles that are exclusively used for farming and agricultural purposes are known as “farm vehicles”.
Farm vehicles are used for transporting forestry goods, commodities, raw materials, wooden logs, and other kinds of tasks that fall within the “farming” framework.
Special signage, placarding, or license plating is not necessary to identify a farming vehicle.
However, the vehicle needs to be registered with the state authorities as a farming vehicle and must only be used for farming and agricultural purposes.
Farm Vehicles Vs Agricultural Vehicles On Form 2290: What’s The Difference?
Farming and agricultural vehicles aren’t much different from one another.
Some vehicles may be used for transporting agricultural commodities, such as seeds, fertilizers, and more. While other vehicles may be used for transporting bee hives, livestock, cattle, poultry, or even wildlife.
Either way, the fundamental point for both types of vehicles is the same. They’re only used for farming and agricultural purposes.
In the HVUT 2290 form reporting narrative, farm vehicles and agricultural vehicles are categorized as “logging vehicles”.
The logging vehicles, just like commercial highway vehicles, must meet certain requirements before they qualify for HVUT taxes.
A vehicle, logging or non-logging, must weigh at least 55,000 pounds or more to qualify for HVUT. The same must be reported on IRS HVUT Form 2290.
How Are Farm Vehicles Different From Commercial Motor Highway Vehicles?
|Farm Vehicles||Commercial Vehicles|
|2290 farm vehicles have a mileage use limit of 7500 miles.||Regular 2290 vehicles have a mileage use limit of 5000 miles.|
|2290 farm vehicles are taxed at a minimum of $75 for heavy highway vehicle usage tax.||Regular 2290 vehicles are taxed at a minimum of $100 for heavy highway vehicle usage tax.|
|Farm vehicles are primarily used for farming and agricultural purposes.||Regular HVUT 2290 vehicles are used for transportation and commerce purposes.|
|Farm vehicles are categorized as logging vehicles.||Non-farming vehicles are categorized as non-logging vehicles.|
How To Report Farm Vehicles On Form 2290?
You will need the following information to report a farm vehicle or an agricultural vehicle on HVUT 2290 form.
- Business name
- Vehicle identification number
- The Taxable gross weight of the vehicle
- The month of first use
- Mileage use limit of the vehicle
- Vehicle category
- Tax suspension status of the vehicle
In the “tax computation” section of Form 2290, you will need to enter the number of farm vehicles that qualify for HVUT.
Multiply the number of farm vehicles with the tax rates in accordance with the taxable gross weight, as presented in the image below.
If the farm vehicles are suspended from HVUT, they need not be reported here.
However, you will need to report the VIN and the period for which the vehicle remains tax-suspended in the preceding section, “Part II” of the 2290 form.
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Did you know that Form 2290 is due this August 31, 2022? If you want to avoid late filing penalties and stay compliant with the IRS, now’s the time to do something about it.
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