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Mandatory E-Filing Required of Certain Heavy Highway Vehicle Use Tax Returns

The government just issued a news release, IR 2008-94, requiring taxpayers with 25 or more trucks, tractors or other heavy vehicles, as defined below, to file the Heavy Highway Vehicle Use Tax return electronically. Keep reading for further details.

Type of Tax: The Heavy Highway Vehicle Use Tax is a special use tax to help support U.S. highway construction programs.

Who Is Affected: Any individual or organization in whose name the vehicle is registered is liable for this tax when the vehicle is used on U.S. public highways (i.e., any road other than a private roadway) during a taxable period.

Taxable Vehicles: Motor vehicles used on public highways with a taxable gross weight of 55,000 pounds or more.

Taxable Gross Weight: This is the sum of the actual unloaded weight of the highway motor vehicle (fully equipped), trailers and semitrailers customarily used in combination with the vehicle, plus the weight of the maximum load customarily carried on such a vehicle.

Rate: The tax rate ranges from $100 to $550 per vehicle depending on the gross weight of the vehicle.

Due Date: Generally, August 31.

Forms to File: Form 2290

Exemptions: 5,000 or fewer miles during a taxable period. Submit Form 2290 Part II to suspend tax on vehicles expected to be used 5,000 miles or less.

Exempt vehicles include vehicles used and operated by the federal government, District of Columbia, state or local government, Indian tribal, American National Red Cross, qualified blood collector vehicles and mass transportation authority.

Paper Filing: Paper filing is still available for taxpayers with fewer than 25 heavy highway vehicles.

Expiration Date: September 30, 2011

Questions? Contact Madhuri Thaker at 312-980-2931 or your Blackman Kallick representative.

 

This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.