John Peterson
- The IRS has temporarily suspended the ability for taxpayers to pay the tax due on Form 2290 returns using a credit card or debit card. Form 2290 will not be revised to remove the Credit or Debit Card check box on line 6. The ability to make credit card and debit card payments for tax due on Form 2290 returns is expected to resume on January 1, 2021.
- This July 2020 revision is for the tax period beginning on July 1, 2020, and ending on June 30, 2021. Don’t use this revision if you need to file a return for a tax period that began on or before June 30, 2020. To obtain a prior revision of Form 2290 form and its separate instructions, visit irs.gov/Form2290.
- Figure and pay the tax due on highway motor vehicles used during the period with a taxable gross weight of 55,000 pounds or more.
- Figure and pay the tax due on a vehicle for which you completed the suspension statement on another Form 2290/ IRS schedule 1 copy if that vehicle later exceeded the mileage use limit during the period. See Suspended vehicles exceeding the mileage use limit, later.
- Figure and pay the tax due if, during the period, the taxable gross weight of a vehicle increases and the vehicle falls into a new category.
- Claim suspension from the tax when a vehicle is expected to be used 5,000 miles or less (7,500 miles or less for agricultural vehicles) during the period when filing IRS form 2290
- Claim a credit for tax paid on vehicles that were destroyed, stolen, sold, or used 5,000 miles or less (7,500 miles or less for agricultural vehicles).
- Report acquisition of a used taxable vehicle for which the tax has been suspended.
- Figure and pay the tax due on a used taxable vehicle acquired and used during the period. See used vehicle, later.
- Use Schedule 1 (Form 2290 online) for the following actions –
- To report all vehicles for which you are reporting tax (including an increase in taxable gross weight) and those that you are reporting suspension of the tax by category and vehicle identification number (VIN).
- As proof of payment to register your vehicle(s) (unless specifically exempted) in any state. Use the copy of Schedule 1 stamped and returned to you by the IRS for this purpose.
Who Must File
You must file Form 2290 tax and Schedule 1 for the tax period beginning on July 1, 2020, and ending on June 30, 2021, if a taxable highway motor vehicle (defined later) is registered, or required to be registered, in your name under state, District of Columbia, Canadian, or Mexican law at the time of its first use during the tax period and the vehicle has a taxable gross weight of 55,000 pounds or more.
Final Words
A highway motor vehicle includes any self-propelled vehicle designed to carry a load over public highways, whether or not also designed to perform other functions. Examples of vehicles that are designed to carry a load over public highways include trucks, truck tractors, and buses. Generally, vans, pickup trucks, panel trucks, and similar trucks aren’t subject to this tax because they have a taxable gross weight of less than 55,000 pounds.
