Thursday, August 25, 2011

Heavy vehicle use tax (HVUT) requirements for IRP registration

Before registering your heavy vehicles at 55000 pounds gross weight or higher, the U.S. Internal Revenue Service requires all states to verify proof of payment or exemption from the Federal Heavy Vehicle Use Tax.  For Michigan-based vehicles, this verification is required for all vehicles registered at 60,000 pounds GVW or above. 
Moreover, heavy vehicle use tax can be due on old or newly purchased vehicles. In case you have purchased a new vehicle or a use one, it is your responsibility to contact IRS for further information on any amount due on heavy vehicle use tax. To register or renew your vehicle with Michigan IRP, proof of payment or exemption from Heavy Vehicle Use Tax must be submitted.  The proof can be of the following types:
       1.   A copy of your validated IRS Form 2290 Schedule 1 returned
            to you by the IRS (photocopies are acceptable), or
       2.   A copy of your validated IRS Form 2290 Schedule 1 printed
             from the IRS website.  Valid copies show an electronic
             watermark.
       Note:   Electronic Payment receipts from the EFTPS website or
      canceled checks from the IRS cannot be used as proof of
      HVUT payment.
Valid dates for proof of payment or exemption
The IRS Heavy Vehicle Use Tax period runs from July 1 to June 30 each year.  Although the new tax period begins July 1, however IRS has announced that the new form 2290 for the current year 2011-2012 will be delayed and not be issued until November 2011. Therefore, owners subject to HVUT will need to show their 2290 form from last year's tax period (July 1, 2010 through June 30, 2011) during July, August, September, October, and November.
Please make a note that Your IRP application will not be processed without the required proof of payment or exemption from the Heavy Vehicle Use Tax.
Moreover, if you still haven’t got proof of payment (schedule 1) for last year or want to e-file your form 2290 with IRS in advance for year 2011-2012, then in that case, greentax2290.com is there to assist you or even efile your 2290 form. Greentax2290.com is an IRs certified e file provider to file your tax form 2290 online for current year as well as all previous years. Yes, we understand that IRS is not accepting form 2290 or any payments due till November but filing form 2290 in advance will not only save your time but also leave you carefree as greentax2290.com will ensure that you receive your proof of payment for 2011-2012 as soon as IRS begins accepting 2290 forms and payments.
 

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