Find the easiest way to report a change in the taxable gross weight of your heavy highway vehicle on HVUT Form 2290.
Every now and then, trucking businesses encounter an increase in the weight of the vehicle due to an increased volume of transportable material or changes made to the vehicle.
This additional weight is added to the taxable gross weight of the vehicle, which increases the tax liability on the vehicle. This increased weight must be reported to the IRS through Form 2290 Amendment.
But there’s more to weight amendment than just a number.
In this blog, we will be discussing the heavy vehicle weight calculation, why did the IRS decide to tax vehicle owners for additional vehicle weight, and ways to report these changes through HVUT Form 2290.
Determining The Weight Of The Vehicle
The IRS states that a vehicle has to weigh at least 55,000 pounds or more for it to be qualified for Heavy Highway Vehicle Usage Tax.
According to FHWA, the gross taxable weight of a vehicle is determined by adding the following weights.
The actual unloaded weight of the vehicle fully equipped for service.
The actual unloaded weight of any trailers or semitrailers fully equipped for service customarily used in combination with the vehicle.
The weight of the maximum load customarily carried on the vehicle and on any trailers or semitrailers customarily used in combination with the vehicle.
The sum of the above three weights gives us the gross taxable weight of a federal vehicle.
However, the gross weight will change if any of these three weights change.
Further,thisexhaustive explanation from the Federal Highway Administration (FHWA) will help you understand the weight and tax calculation regime in detail.
However, as a taxpayer, you must know that there is something fundamental about the tax levied on heavier vehicles.
Vehicle Weight & Tax Liability
This Enforcement Publication from the Federal Register suggests that the relationship between the weight of a highway vehicle and the tax liability is directly proportional. The heavier the vehicle, the more pressure the vehicle would put on the road, causing more damage and wear and tear to the road.
Federal Highway Administration (FHWA) is an authoritative body of the U.S. government that constructs, maintains, and preserves federal highways.
The authority states in the publication that when heavier vehicles utilize the federal highways, they also cause more damage to the highways than regular vehicles due to their extreme weight.
And when the roads are damaged due to the heavyweight of the vehicle, the repairs and reconstruction costs also arise, which called for a Heavy Highway Utility Tax (HVUT).
Tax funds collected from the truckers and trucking businesses through HVUT are used to develop the federal highways and spent on related welfare activities.
This is why both the IRS and FHWA are strict about reporting heavy vehicles and collecting the tax.
How To Report Increased Taxable Gross Weight Of The Vehicle On Form 2290?
Let’s say that you bought a vehicle that weighs 55,000 pounds on March 1, 2021, and started using it in the same month.
In such a case, you report the First Month Of Use in your 2290 return and file the form by the end of April 31, 2021.
Now, due to a mechanical change made to the vehicle and the additional load that your vehicle has to transport, the weight of your vehicle changed from 55,000 pounds to 65,000 pounds.
Since you have already filed the 2290 return for the previous weight: 55,000 pounds, you are required to file a 2290 Amendment for the increased weight and pay the additional tax for the 10,000 pounds.
The tax is calculated according to the following 2290 tax computation regime.
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