A Complete Guide on Taxable Gross Weight for Heavy Vehicles

Being a trucker, it is important to know every aspect of IRS form 2290 and when to file it. It is mandatory for taxpayers to keep themselves aware and update about the same. It will make the filing process much easier.

IRS form 2290 involves many steps. It can be filled manually or online. For online you have to pick an authorized IRS e-filing service provider and for manual, you have to visit the IRS office, get a physical copy of the form, fill and submit it.

Before filing, it is important for the user to know about taxable vehicles. Taxable vehicles are those that weigh 55,000 pounds or more. These are designed to carry loads on the highways. It is important for the filer to know the EIN, taxable gross weight, vehicle category, eligibility criteria, mileage, etc.

Let’s find out more about taxable gross weight. The taxable gross weight of a vehicle (other than a bus) is the total of:

  1. The actual unloaded weight of the vehicle fully equipped for service
  2. The actual unloaded weight of any trailers or semi trailers fully equipped for service customarily used in combination with the vehicle, and
  3. The weight of the maximum load customarily carried on the vehicle and on any trailers or semi trailers customarily used in combination with the vehicle
  4. Actual unloaded weight of a vehicle is the empty weight of the vehicle

A trailer or semitrailer is treated as customarily used in connection with a vehicle if the vehicle is equipped to tow the trailer or semitrailer.

Increase in Taxable Gross Weight

If the taxable gross weight of a vehicle increases during the tax period, then the vehicle falls under a new category. In such cases, you are required to report additional tax for the remainder of the period on Form 2290. If you are filing your form manually, write “Amended” and the month in which taxable gross weight increased on top of your Form 2290. File Form 2290 and Schedule 1 by the last day of the month following the month in which the taxable gross weight increased.

HVUT is calculated on the basis of the number of months the vehicle has been in use, and not on a yearly basis. So, in short, the taxes are calculated on the pro-rata basis considering the month of first use. There are always chances of the mistakes and errors, so make sure to file before the due date so that you can correct your form 2290 and resubmit without any penalties.