WASHINGTON — The Internal Revenue Service (IRS) today reminds truck drivers and other heavy road vehicle owners that their next federal highway use tax return usually expires on Monday, August 31, 2015.
The deadline generally corresponds to Form-2290- (SP) and the tax payment for the tax year that began on July 1, 2015 and ends on June 30, 2016. Tax returns and tax returns must be filed for the tax year. on August 31 for vehicles that traveled on the roads in July. The vehicles that first used the roads after July, the deadline is the last day of the next month that was put into use.
Although some taxpayers have the option to file Form 2290 on paper, the IRS encourages all taxpayers to take advantage of the speed and convenience of submitting this form electronically and paying any tax electronically. Taxpayers reporting 25 or more vehicles must use e-file. A list of software vendors approved by the IRS is available at IRS.gov.
The road use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more. This usually includes trucks, tractor trucks and buses. Generally, vans, pick-ups and panel trucks are not subject to taxes because they fall below the threshold of 55,000 pounds. Tax of up to $ 550 per vehicle is based on weight, and a variety of special rules, explained in the instructions of Form 2290 (SP), apply..
You can find more information by visiting the information center for truck drivers.