Form 2290 Changes

Its time to gear up for the annual filings of the Heavy Highway Vehicle UseTaxReturn–Form2290.

TruckEServices  website at www.2290tax.com is available to carrier’s across the nation to e-file their form 2290’s.  Our staff are 2290 experts!  Below are a few questions and answers that we want to share with you.Its time to gear up for the annual filings of the Heavy Highway Vehicle UseTaxReturn–Form2290.

Q- Are there any changes this year?

A- YES!  The most important one is about claiming a credit for vehicles sold during the year.  In order to get the unused portion of taxes back, you will need to include the Name and Address of the Buyer of your truck.

Q- Who pays taxes on a vehicle sold in the middle of the tax year (July-June)?

A- The taxes are prorated.  The Seller pays the tax through the month the vehicle is sold.  The Buyer pays the tax beginning the month after purchase through the end of the tax year.

The IRS is turning their attention to suspensions and credits so keep the Bills of Sale to support claims for credits.   Be sure to keep odometer records to support vehicles suspended from tax.

If you have any specific questions, call us and our staff will be happy to provide you with more detailed information!

Annual Form 2290’s are due beginning 7/1/2015 -late if not filed by 8/31/2015