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Change is the only constant – Heraclitus, Greek Philosopher.
This may apply to most things in life.
But it especially rings true for 2290 truck tax filings.
Preparers and trucking businesses alike report information that seems correct at the time of filing, but eventually needs to be changed because of a change in the circumstance.
For example, the taxable gross weight of the vehicle was reported, say, 58,000 pounds during May, but the vehicle was upgraded in June, which increased the taxable gross weight of the vehicle to 72,000 pounds.
So, of course, this information needs to be changed. As a result, you need to file a Form 2290 Amendment to “amend” the reportable vehicle information.
This is to communicate to the IRS about the latest changes to the information that is used to assess and impose a tax on the trucking company.
This is why Form 2290 Amendment is one of the most important forms in the heavy truck tax filing regime.
And is Form 2290 Amendment a separate form on its own?
Let’s take a look at all such questions and more in the following discussion.
So, let’s get to it.
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. 2290 Amendment 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 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.
When Should You Amend Your 2290 Reports?
There are two scenarios in which you’d be required to file a 2290 Amendment form.
If the taxable gross weight of your vehicle increases from 55,000 to a higher weight limit, then you must file a Form 2290 Amendment. This is to communicate to the IRS about the change in the taxable gross weight of the vehicle.
What does this do?
When the gross weight of the vehicle increases, it is more likely to wear off the highways.
The IRS taxes heavier vehicles more than the lighter (yet still heavy) vehicles because of his reason.
So, let’s say that the gross weight of your vehicle increased to 72,000 pounds, then the IRS would start taxing you per the standardized rates as follows.
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 2290 Heavy Highway Vehicle Usage Tax (HVUT).
When your 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. And 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.
Similarly, an agricultural vehicle can utilize up to 7500 miles without being taxed.
However, when the mileage limit exceeds, i.e, when the commercial vehicle exceeds the 5000-mile limit or when the agricultural vehicle exceeds the 7500-mile limit, the 2290 HVUT tax will be applicable to the vehicles, automatically revoking the “suspension” status of the vehicle.
In both of these cases, you will need to file a Form 2290 Amendment to the IRS.
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