Use this form to:
• 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;
• The actual unloaded weight of the vehicle fully equipped for service,
• The actual unloaded weight of any trailers or semitrailers fully equipped for service customarily used in combination with the vehicle, and
• The weight of the maximum load customarily carried on the vehicle and on any trailers or semitrailers customarily used in combination with the vehicle.
Form 2290 Schedule 1 copy is the proof of payment for the Heavy Vehicle Use Tax that truckers pay to the IRS. HVUT is the annual fee that has to be paid on heavy vehicles whose gross weight is 55, 000 pounds or more. Once this amount is settled to the IRS via filing a Form 2290 on such owned vehicles, the IRS returns an e-file watermarked form 2290 schedule 1 to the taxpayer, which should be submitted for verification at the time of vehicle registration to the state authorities. When youe-file form 2290, this proof of payment is returned from the IRS almost immediately, with an e-file watermark. The IRS Schedule 1 copy returned for filed form 2290 is used
VIN or The Vehicle Identification Number is a 17-character unique serial number used by the automotive industry to identify individual motor vehicles and does not include the letters I (i), O (o), or Q (q) (to avoid confusion with numerals 1 and 0). The VIN of your vehicle can be obtained from the registration, title, or actual vehicle. The National Highway Traffic Safety Administration of the United States of America standardizes and administers the vehicle identification number (VIN) system. The distinct 17 digit combination in your VIN helps to keep track of problems, ownership changes, and deter theft. The combination of numbers and characters are broken into sections such as
VIN correction is filed if a mistake has been made in any of the VIN during a previously filed form 2290. Before, a VIN correction could only be done through paper filing, but now, the IRS has allowed VIN corrections to be done through E-file as it is quick and easy. You can get your VINs corrected and receive your stamped Schedule 1 in minutes with http://www.trucktaxonline.com
An amendment is 'A minor change in a document'. With respect to Form 2290, an amendment refers to any change that you want to make to your previously filed returns. The IRS facilitates its taxpayers with the option of filing form 2290 amendments for the following scenarios.
Suspended vehicles are categories of groups and vehicles that the IRS HVUT division doesn’t require to pay the Heavy Vehicle Use Tax, but are required to declare the same as Form 2290 suspended vehicles. Let’s get to know what they are and what is to be done on such HVUT exemptions.