Reasons for Amendment of IRS Form 2290

If you are a trucker, you must be familiar with the Internal Revenue Service (IRS) form 2290. As per law, it is important to file this tax form if you have a heavy vehicle that weighs 55,000 pounds or more and has covered 5,000 miles or above (7.500 miles for agricultural vehicles) on your odometer. You must file form 2290 and pay the Heavy Vehicle Use Tax before the due date to avoid any kind of fine or penalty by the IRS. It is always recommended to pre-file your form 2290 to avoid any last-minute hassles.

The IRS form 2290 can be used to claim credit for the tax payment done on the vehicle that is stolen, destroyed or even sold. If you wish to make any changes to your previously filed form 2290 such as report additional tax because of increase in taxable gross weight, make VIN correction, or report increase in mileage use on suspended vehicles, you must file an amended return.

You can file for this tax both online and manually. For online, you need an e-file IRS form 2290 service provider which will assist you in every step. For manual filing, you have to visit the IRS office. Also, keep in mind that if you own 25 or more than 25 heavy vehicles, you need to make an online filing for this tax. You can easily make online amendments with very ease at your comfort and you can make online payment through debit or credit card, check or money order using payment voucher, electronic fund transfer and Electronic Federal Tax Payment System (EFTPS). Before filing for this tax, it is important for the trucker to know in which category your vehicle falls. Also, calculate the taxable gross weight accurately to avoid the chances of rejections. 

Now following are some reasons for making amendments to form 2290:

  • Increase in the gross weight of the taxable vehicle- While filing for tax form 2290, the taxable gross weight is calculated to add it into the desired category. But if there are any kind of amendments in the gross weight of the taxable vehicle, then it is mandatory to amend tax form 2290. Also, the owner needs to keep this thing in mind that the amended return file should be filed by the last day of the month when the weight of the taxable vehicle has increased. The owner of the heavy vehicle should calculate the exact additional weight to calculate the additional tax in the first used month.
  • Exceeding the mileage use limit– The mileage limit of the taxed vehicle should be 5000 miles and 7500 miles for agricultural vehicles. If there is an increase in the taxable gross weight of your vehicle, you must file form 2290 amended return by the last day  of the month when the taxable gross weight increased.
  • Incorrect VIN– If you submit form 2290 with an incorrect VIN, then you are required to amend the tax form 2290 and specify the correct VIN. Certain e-file providers offer free VIN correction when filed through their platform. After making the correction, you will receive a copy of IRS stamped Schedule 1 in minutes.

It is mandatory to make these amendments and pay the additional tax. Also, keep in mind that you must file the amended return by the last day of the month following the month in which the changes have been incurred. Make sure to fill in all the details accurately to avoid any kind of future complications.

Adam Hansen

Adam is a part time journalist, entrepreneur, investor and father.