Monday, July 15, 2013

It's 2290 time in the trucking world

cdllife.com
Story thanks to landlinemag.com Link provided below:


IRS no longer sends reminders, so OOIDA’s Business Services Department is giving a heads up on the Form 2290.

The federal highway use tax for heavy vehicles, also known as the HUT or HVUT tax, is the $550 fee you pay each year when you file an IRS Form 2290. 

The tax year began on July 1, and ends on June 30. The balance due shown on the Form 2290 must be paid in full by the due date of the return. For trucks and other taxable vehicles in use during July, the Form 2290 and payment are due on Aug. 31.

State governments are required to receive proof of payment of the federal heavy vehicle use tax as a condition of vehicle registration. In general, the federal heavy vehicle use tax applies to trucks, truck tractors and buses with a gross taxable weight of 55,000 pounds or more.

Fleets with 25 or more vehicles must pay online with the IRS. Smaller fleets still have the option of paying by check or money order, either mailed or walked into an IRS office. The Form 2290 can be found atwww.irs.gov.

Although you can make this payment yourself, the Business Services staff at the Owner-Operator Independent Drivers Association provides a service for members to help them get the tax paid.

“For a service fee, OOIDA Permits and Licensing Department offers members the convenience and speed of filing the Form 2290s online,” said OOIDA’s Cathy Koncilia. “It’s a special service for our members, and they like knowing this gets done right away.”
http://www.landlinemag.com/Story.aspx?StoryID=25422&utm_source=The+TruckersReport+Weekly+Newsletter+Recipients&utm_campaign=6558fbcfba-Weekly_Newsletter_Test_Campaign1_25_2013&utm_medium=email&utm_term=0_de09ecb18a-6558fbcfba-38416925

1 comment:

  1. It is a very useful information of IRS form 2290 online

    ReplyDelete