How Tax Form 2290 Has Greatly Helped Maintain the Country’s Highways

October 21, 2011 by  Filed under: Taxes 

Roads and highways are the lifeblood of any country. They are the passageways that serve as the arteries through which different types of merchandise and materials pass through on their way to their intended destinations. Yes, roads and highways are primarily there to act as routes for the transportation of your regular traveling public. It is those who use it extensively for trucking purposes that get the most out of these many roads and highways. These users are usually truckers and the trucking companies that they work for. They lug countless tons of products and materials across the country to those who need them. These individuals and organizations are those who use these roads and highways the most, and therefore are also obliged to file a 2290 tax form as a way to maintain these same passageways.

Tax Form 2290

Every day, you will find countless trucks and similar-sized vehicles using the many roadways in the country. As you would expect from constant use, these roads will experience wear and tear over time. No quality of asphalt will stand forever against the stresses a heavily-used highway goes through. Given that heavy vehicles are the ones who use these roads the most, their owners and operators are given the responsibility of keeping these same roads maintained. This is done through tax form 2290.

This form is used to file for the 2290 Heavy Vehicle Use Tax. This is a federal excise tax that must be paid for any vehicle that weighs 55,000 pounds or more. A federal excise tax, according to InvestorWords, is a form of tax imposed on the manufacture and distribution of certain non-essential consumer goods. This type of tax is used to maintain the roads and highways used around the country so that they are in tip-top shape every time a truck drives through them. The money is also used to fund other transportation-related programs.

What You Need to File for the 2290 Tax Form

Here are some of the requirements a truck driver or operator will need to be able to file for a tax form 2290:

1. Employer Identification Number – This is used to identify the business or organization that owns and operates the truck. Also known as the Federal Tax Identification Number, it is also the commercial equivalent of a social security number for businesses.

2. Vehicle Identification Number – This is a unique serial number used to identify a specific vehicle. This is also used to identify which car you are about to pay taxes for. The more trucks you have, the more corresponding VINs you have to file taxes for.

3. Taxable Gross Weight – According to the Office of Highway Policy Information, the gross taxable weight of a vehicle is determined by adding

a. the actual unloaded weight of the vehicle fully equipped for service

b. the actual unloaded weight of any attachment (trailers or semitrailers) fully equipped for service (this is customarily used in combination with the vehicle)

c. the weight of the maximum load carried on the vehicle (and on any trailers or semitrailers) customarily used in combination with the vehicle.

Marina is a truck driver who has plenty of experience filing a 2290 tax form, and is also grateful for everything that a tax form 2290 has contributed to the trucking industry, as well as the country itself.

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