What is Form 2290 (HVUT)?

 

• Form 2290, heavy vehicle use tax return is used to figure and pay taxes for the vehicles with the taxable gross weight of 55,000 pounds or more.

• Filing of Form 2290 is also required when the acquisition of used vehicles is made for the current tax period.

• Vehicles that run less than 5,000 miles (7,500 miles for agricultural vehicles) are considered tax-suspended vehicles. You are not required to pay the heavy vehicle tax for such vehicles; however, you should file Form 2290.

 

 

Who is required to file IRS HVUT Form 2290?

 

• Any individual, LLC, corporation, or any other type of organization that registers heavy vehicles with a taxable gross weight of 55,000 pounds or more must use Form 2290 to figure and pay HVUT with the IRS every tax year.
• The due date to file HVUT 2290 with the IRS will be the last day of the month following the vehicle's First Used Month (FUM). For the vehicles with June as FUM, the deadline is August 31, 2021.

 

 

What information is required to complete the 2290 tax return?

 

• Business Name & Address.
• EIN (Employer Identification Number).
• VIN (Vehicle Identification Number).
• Taxable Gross Weight of Vehicle.
• First Used Month (FUM) of Vehicle.

 

 

What is a UCR (Unified Carrier Registration)?

 

In 2005, Congress passed a law creating the Unified Carrier Registration (UCR) program. UCR replaced the Single State Registration System (SSRS) and is similar because it is a base-state system. This means the carrier pays UCR fees through its base state on behalf of all participating states.

 

For information on participating states, see www.ucr.gov.

 

UCR requires individuals and companies that operate commercial motor vehicles in interstate or international commerce, or individuals or companies that make the arrangements for the transportation of cargo and goods, to register their businesses and pay an annual fee based on the size of their fleet.

 

A "Commercial Motor Vehicle" is defined as a self-propelled or towed vehicle used on the highways in commerce principally to transport passengers or cargo.

 

If the vehicle:

 

Has a gross vehicle weight (GVW) or gross vehicle weight rating (GVWR) of 10,001 pounds or more, or

Is designed to transport 10 or more passengers (including the driver), or

Is used in transporting hazardous materials in a quantity requiring placarding.

Intrastate passenger carriers, are not exempt from registering with the United Carrier Registration program.

 

Contact us today if you need any help with filing FORM 2290 or UCR Registration.

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