Form 2290 is a crucial tax document for owners of heavy vehicles operating on public highways in the United States. This annual tax form is used to report and pay the Heavy Vehicle Use Tax (HVUT) to the IRS.
However, due to changing regulations, business scenarios, and unforeseen circumstances, heavy vehicle owners may need to amend their previously filed Form 2290.
This comprehensive article provides a detailed overview of Form 2290 amendments.
Amendments to Form 2290 may be needed for heavy vehicle owners due to changes in vehicle details or reporting errors. By filing an amendment, you will get an updated Schedule 1 copy from the IRS.
Below are the common types of Form 2290 amendments:
A VIN (Vehicle Identification Number) correction amendment for Form 2290 is required when there is an error in the originally filed VIN. This can happen due to typos, missing characters, or other inaccuracies in the vehicle's identification number.
You are required to file VIN correction as soon as you discover the error in your Form 2290 schedule 1 copy.
Example: Kevin, a truck owner, filed his Form 2290 but later discovered that he mistakenly entered two digits in the vehicle's VIN. He needs to file a VIN correction amendment with the correct VIN to correct this error.
Taxable Gross Weight Increase
Suppose there is a change in the taxable gross weight of a heavy vehicle during the tax period after Form 2290 filing. In that case, an amendment is necessary to adjust the tax amount accordingly. This scenario typically occurs when modifications or additions are made to the vehicle, which increases its weight.
You are required to file an amendment by the last day of the month following the month in which the vehicle's gross weight increased.
Example: In August, Emily filed Form 2290, but in September, her truck underwent modifications, leading to an increase in its gross weight from 50,000 pounds to 60,000 pounds. To accurately report these changes and pay the appropriate HVUT for the increased weight, Emily needs to file a Form 2290 amendment by October 31.
Suspended Vehicle Exceeds Weight Limit
Suspended vehicles are those not expected to travel 5,000 miles or more (7,500 miles for agricultural vehicles) during the tax year. Suppose a suspended vehicle's actual mileage exceeds the threshold limit in a tax year. In that case, a Form 2290 amendment is required to change its status to taxable.
You are required to file an amendment and pay the tax by the last day of the month following the month in which the mileage limit was exceeded.
Mike reported his truck as suspended while filing Form 2290 in August since he anticipated it would travel fewer than 5,000 miles during the tax period. Unexpectedly, his vehicle's mileage surpassed the limit in September, making it a taxable vehicle. Mike must file an amendment by October 31 to reflect the change in status and pay the appropriate HVUT based on the vehicle's taxable gross weight.
Form 2290 amendments can be filed using e-filing and traditional paper filing methods. You can e-file Form 2290 amendments using TaxZerone in just three simple steps.
Below are the steps to e-file Form 2290 amendments with TaxZerone:
Enter your business information, and vehicle information, including the type of amendments and necessary information based on the type of amendment.
Review the entered information and make sure the information provided is accurate.
Transmit the amendment return to the IRS and receive your updated Schedule 1 copy in minutes.
E-file 2290 Amendments with TaxZerone
E-file any type of Form 2290 amendment with TaxZerone and get your updated Schedule 1 in minutes.
The IRS recommends e-filing for accuracy and quick processing
You can paper file Form 2290 amendments by following the below instructions:
Fill out Form 2290 with the necessary information.
If you're filing an amendment for
Check the Amended Return box.
If you're filing an amendment for VIN correction
Check the VIN correction box.
After filling out Form 2290, you will need to mail the return to the IRS manually. Here's the address to mail your amended return.
|With check or money order|
(typically applies to amendments due to taxable gross weight increase and suspended vehicle exceeds the weight limit)
|Without check or money order(typically applies to VIN correction)|
|Internal Revenue Service|
P.O. Box 932500, Louisville,
|Department of the Treasury|
Internal Revenue Service
Ogden, UT 84201-0031
Failure to comply with the requirements and deadlines for Form 2290 amendments can lead to various penalties. Below are some of the potential penalties for non-compliance with Form 2290:
|Penalty Type||Penalty Amount|
|Late filing penalty (Filing after the deadline)||4.5% of the total tax due + 0.5% for each month of delay (up to a maximum of 25% of the tax due)|
|Late payment penalty (Paying HVUT after the deadline)||0.5% of the tax amount due + 0.5% for each month of delay (up to a maximum of 25% of the tax due)|
|Inaccurate/incomplete info penalty (Providing incorrect information on returns)||Varied penalty based on the severity of discrepancies|
Get the updated Schedule 1 copy in just a few minutes by e-filing Form 2290 amendments with TaxZerone. Starts at just $9.99.
Free VIN correction for all users