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Highway Use Tax Return Deadline Extended

September 2nd

The Internal Revenue Service has recently announced a later filing date for those who file Federal Highway Use Tax Returns. Unfiled tax returns for truckers and other owners of heavy highway vehicles must usually be submitted by August 31, but this year the deadline has been extended to November 30.

The November 30 filing deadline applies to the Form 2290, Heavy Highway Use Tax Return, for the period begun on July 1, 2011. It therefore applies to all vehicles used during the month of July, as well as those first used in August or September. The IRS requests that no returns for this period be filed prior to November 1.

In general, the highway use tax applies to trucks, truck tractors and buses, so long as they have a taxable weight of 55,000 pounds or more. With these criteria in mind, vans, pick-up trucks and panel trucks generally do not qualify for the Heavy Highway Use Tax because their weight typically falls below the 55,000-pound threshold.

New Regulations for US Truck Drivers

In addition to extending the deadline for submitting unfiled tax returns, the new regulations have laid out revised guidelines for filing Heavy Highway Use Tax Returns. In particular, they require that all states accept as proof of payment the stamped Schedule 1 of the Form 2290 issued by the IRS the previous year. Under normal rules, a state can only accept a stamped Schedule 1 as proof of payment through September 30. This revision is specifically designed to increase the ease with which truck drivers can file their tax returns.

The new regulations also revise the expediency with which new vehicles may be registered. Under the new guidelines, states are required to register all new or used vehicles during the July to November period without necessitating proof that the highway use tax was paid. The individual registering the vehicle must simply provide proof of the sale through presentation of a bill of sale or a similar document. Anyone who has concerns regarding the revised guidelines ought to consult a tax lawyer for assistance.

 
 
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