Truck Tax Question – What Do I Do If My Truck Registration Expires June 30?

June 29, 2012 by  | Leave a Comment Filed under: Taxes 

A very common question among truck drivers is, “What do I do if my truck registration expires June 30, but the new tax period doesn’t begin until July 1?” How do you get your tags renewed if you can’t get a stamped schedule 1 until the next day? This is more or less a (read on...)



What Is the Intention of IRS Form 2290 (HVUT) – What Does the IRS Really Get From This Form?

June 29, 2012 by  | Leave a Comment Filed under: Taxes 

The purpose of the Form 2290 is to send out information about the usage of a truck and to pay taxes on that use to the IRS. Truckers can use this form for a single truck filing, or for paying the due taxes on an entire fleet of trucks for one or multiple companies. The primary objective when (read on...)

Suspended Vehicles Vs Agricultural Vehicles: What Truckers Need to Know

June 28, 2012 by  | Leave a Comment Filed under: Taxes 

A suspended vehicle indicates any taxable car anticipated to be utilized 5,000 miles or less throughout the tax period. Even though the vehicle is classified as suspended you still need to file a Form 2290. The only reason you need to pay tax on the vehicle is if the mileage is surpassed. An (read on...)

Form 2290, HVUT: What Does It Mean for the Next Generation of Truckers?

June 28, 2012 by  | Leave a Comment Filed under: Taxes 

The HVUT and Form 2290 has become a staple in the transportation industry. If you are a fleet owner or owner operator you have dealt with these two before. A lot has changed over the years regarding the form and tax. The IRS and the federal government have done their best to keep up with the (read on...)

Update to Truckers: IRS Has Stopped Sending Reminders for Form 2290 – Heavy Vehicle Use Tax

June 23, 2012 by  | Leave a Comment Filed under: Taxes 

Over the past few years the IRS has evaluated the 2290 filing process and has done a few things to make it more efficient. Efficiency not only helps the IRS process forms faster but it actually helps the customer also. When dealing with the IRS the biggest obstacle is always time. The IRS (read on...)

Recent Changes to Heavy Vehicle Use Tax

June 23, 2012 by  | Leave a Comment Filed under: Taxes 

Similar to the many laws and statutes that have been enacted in the United States, the heavy vehicle use tax has gone through different stages of development. The IRS has implemented various changes to the current tax that is seen today. The original notion of the heavy vehicle use tax remains (read on...)

How to Register Trucks at DMV by Filing Form 2290 and Collecting Stamped Schedule 1 Receipt From IRS

June 16, 2012 by  | Leave a Comment Filed under: Taxes 

Becoming a trucker is an exciting and beneficial decision that has several perks. Although it is not a tough profession to get into, it takes patience and hard work to rise through the trucking ranks and become a success. If one decides to enter this industry, it is important to know the (read on...)

Form 2290 Penalties

June 16, 2012 by  | Leave a Comment Filed under: Taxes 

It should come as no surprise that the IRS has discovered a way to penalize tardy Form 2290 tax filers and intelligently generate additional revenue out of these tax defectors. Form 2290, otherwise known as the heavy vehicle use tax, is a financial obligation geared towards heavy truck operators (read on...)

5 W’s of Form 2290 to Help Truckers Understand Aspects of Heavy Vehicle Use Tax Filing

May 16, 2012 by  | Leave a Comment Filed under: Taxes 

Often when you learn of anything, there is a series of questions that follows to better help you understand the information introduced to you. These questions are quite broad, but the responses are frequently informative: who, what, where, when and why? These “5 W’s,” are (read on...)

IRS Form 2290 – Ensuring the Smooth Operation of Our Public Highways

December 9, 2011 by  | Leave a Comment Filed under: Taxes 

What is IRS Form 2290 and what is it used for? IRS 2290 is otherwise known as the heavy vehicle use tax. This tax is applicable for motor vehicles such as trucks, buses, and truck tractors using public highways. Take note though that not all vehicles classified as such are required to pay the (read on...)