Thursday, July 28, 2011

Federal Highway Use Tax Form 2290 - Credit Vehicles


In certain situations, one can actually claim a credit for a vehicle using the IRS Form 2290 (Heavy Vehicle Use Tax). The simplest, quickest, and safest way to file this form is through ExpressTruckTax.com, an authorized IRS E-file Provider of this form.

If a heavy vehicle was stolen, destroyed, or sold before June 1st and not used during the rest of the year, it qualifies as a credit vehicle. Another qualification for Credit Vehicles is if a heavy vehicle was used for 5,000 miles or less, or an agricultural vehicle that was used for 7,500 miles or less. Another significant qualification is that a credit, lower tax rate, exemption, or refund is not allowed for an occasional light or decreased load; neither is it allowed for a discontinued or changed use of the vehicle.

Even though the qualifications for credit vehicles can be complicated and confusing, ExpressTruckTax.com helps make this process simple.  The filing process only takes a few minutes.  If you need any help, the dedicated customer support team can help walk you through the process in minutes.