So truckers, how are you keeping? Being the last working day of the week, we are here with minimal updates. First, have you file tax for your new vehicle bought on road? Well, if you have bought your vehicle out for the first time in the month of April, you are liable to report form 2290 by the end of May in order to get your schedule 1 copy and avoid penalties. |
Today at our article space, we are going to talk about Form 2290 Amendment return, filed for the following reasons.
• Increase In Taxable Gross Weight • Suspended vehicle Exceeded Mileage • VIN Correction Increase In Taxable Gross Weight:
HVUT or heavy vehicle used tax is paid based upon the taxable gross weight of a vehicle. However, if there is an increase in the weight during the taxation period, you are liable to file form 2290 amendment on or before the last day of the month after the month, you have experienced an increased in the weight.
For example, you are experiencing a weight increase in the month of April, you are liable to report form 2290 Amendment by the end of May, to avoid penalties and audit sessions with DMV.
Suspended Vehicle Exceeded the Mileage:
Vehicles those are likely to travel less than 5,000 miles (7,500 for agricultural vehicle) on a public highway and if your truck has crossed the limited mileage, you are liable to report form 2290 amendment for the VIN, by the end of the second month of the first time increase.
VIN or vehicle Identification Number is a unique code including a serial number, usually used by the automotive industry to identify individual motor vehicle. It consist of 17 characters, which does not include the letters I (i), O (o), or Q (q) (to avoid confusion with numerals 1 and 0). However, there are possibilities to key in the wrong VIN while filing form 2290 and get the same imprinted in your schedule 1 copy. As it is not a valid schedule 1 copy, you need to file form 2290 Amendment and receive a revised schedule 1 copy in minutes. On a final note, we would like to remind our customers about form 2290 renewals for the year 2015-16. Since efiling is the best option available, you can join hands with Tax2290.com and efile with utmost ease. From easiness to better time saving options, efiling stands as the only method that can serve you with utmost promptness. With features like the tax calculator or the error check app can add ease to your work and provide you with the expected results in minutes. As and when you type in the details, the tax would be calculated the dues you owe IRS almost in seconds.
Also, we have handpicked Tax Experts to support and help you in filing form 2290 online with ease. So what is the wait for? Come over and efile form 2290 online and see how your life brings in changes to survive.
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