Taxes

The time to file your Form 2290 is just around the corner, and the clock is ticking.  You must file by August 31. 

“IRS Form 2290 – and the $550 heavy vehicle use tax payment that goes with it – is due Aug. 31. If you are planning to file electronically, do it early this year. The IRS says it’s shutting down its computerized e-filing system after 1 p.m. Eastern Daylight Time, and it won’t be back up until noon Eastern on Tuesday, Sept. 4,” Land Line Magazine reported.

“For a service fee, OOIDA Permits and Licensing Department offers members the convenience and speed of filing the Form 2290s online,” Cathy Koncilia told Land Line. “It’s a special service for our members. Members who use the service should have information and payment to us by Aug. 23 to guarantee a timely filing.”

Use Form 2290 for the following actions:

Figure and pay the tax due on highway motor vehicles used during the period with a taxable gross weight of 55,000 pounds or more.

  • Figure and pay the tax due on a vehicle for which you completed the suspension statement on another Form 2290 if that vehicle later exceeded the mileage use limit during the period. See Suspended vehicles exceeding the mileage use limit, later.
  • Figure and pay the tax due if, during the period, the taxable gross weight of a vehicle increases and the vehicle falls into a new category. See the instructions for line 3, later.
  • Claim suspension from the tax when a vehicle is expected to be used 5,000 miles or less (7,500 miles or less for agricultural vehicles) during the period.
  • Claim a credit for tax paid on vehicles that were destroyed, stolen, sold, or used 5,000 miles or less (7,500 miles or less for agricultural vehicles).
  • Report acquisition of a used taxable vehicle for which the tax has been suspended.
  • Figure and pay the tax due on a used taxable vehicle acquired and used during the period. See Used vehicle later.

Who Must File: 

 You must file Form 2290 and Schedule 1 for the tax period beginning on July 1, 2012, and ending on June 30, 2013, if a taxable highway motor vehicle (defined below) is registered, or required to be registered, in your name under state, District of Columbia, Canadian, or Mexican law at the time of its first use during the period and the vehicle has a taxable gross weight of 55,000 pounds or more. See the examples under When To File, later.

You may be an individual, limited liability company (LLC), corporation, partnership, or any other type of organization (including nonprofit, charitable, educational, etc.).

Dual registration.   If a taxable vehicle is registered in the name of both the owner and another person, the owner is liable for the tax. This rule also applies to dual registration of a leased vehicle.Used vehicle.   If you acquire and register or are required to register a used taxable vehicle in your name during the tax period, you must keep as part of your records proof showing whether there was a use of the vehicle or a suspension of the tax during the period before the vehicle was registered in your name. The evidence may be a written statement signed and dated by the person (or dealer) from whom you purchased the vehicle.

When To File

Form 2290 must be filed for the month the taxable vehicle is first used on public highways during the current period. The current period begins July 1, 2012, and ends June 30, 2013. Form 2290 must be filed by the last day of the month following the month of first use (as shown in the chart below).
IF, in this period, the vehicle is first used during …THEN, file Form 2290 and make your payment by1and enter this date on Form 2290, line 1
July, 2012August 31, 2012201207
August, 2012September 30, 2012201208
September, 2012October 31, 2012201209
October, 2012November 30, 2012201210
November, 2012December 31, 2012201211
December, 2012January 31, 2013201212
January, 2013February 28, 2013201301
February, 2013March 31, 2013201302
March, 2013April 30, 2013201303
April, 2013May 31, 2013201304
May, 2013June 30, 2013201305
June, 2013July 31, 2013201306
1 File by this date regardless of when state registration for the vehicle is due.