Truckers taxes

Are you up to date about the Heavy Highway Vehicle Use tax, Form 2290, for the tax period beginning July 1, 2011? Special provisions still apply through November 30 for filing your return and/or registering your vehicle.

Updated as of November 1, 2011
The Form 2290 is available now. If your truck was first used in July, August, September or October 2011, you are required to file Form 2290 by November 30, 2011. You will not be liable for any late filing penalty or interest if you meet this due date. Beginning November 1, 2011, IRS will provide a stamped (receipted) Schedule 1 to those who file and pay their tax.

e-filing and Paying Your 2011 Excise Tax
IRS e-file for 2290 is now available for the tax period beginning July 1, 2011. Contact our firm to e-file.

An Option for Getting Your Tags and/or Registering Your Vehicle
You can get your tags for the tax period beginning July 1, 2011 because existing regulations require states to register a heavy highway vehicle when the application for registration is received between July 1 and November 30, 2011. If you have your receipted Schedule 1 for the previous year’s taxable period, in this case, July 1, 2010 through June 30, 2011, states can continue to accept it as proof of payment through November 30, 2011.

An Option for Registering Your Newly Acquired Vehicle
Through November 30, 2011, states also must register newly acquired heavy highway use vehicles without proof of tax payment if:

you present the original or a photocopy of a bill of sale showing that the vehicle was purchased by the owner during the 150 days before the date the state received the application for registration; and,
the vehicle has not been registered in any state subsequent to the date of purchase.