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Friday, August 20 2021
Reminder Of The Heavy Highway Vehicle Use Tax Return

Orlando, Fla.—As you may be aware of, the deadline to submit your Heavy Highway Vehicle Use Tax Return (HVUT) is this upcoming, August 31st. If you have vehicles with a combined gross weight of 55,000 pounds or more, the IRS requires you to file it annually.

You will need the IRS Form 2290, also called the Heavy Vehicle Excise Tax or HVUT which is an annual US Federal Tax assessed on a number of vehicles which operate or intend to operate on US public highways. It is an excise tax assessed on vehicles with a gross weight of 55,000 lbs and more that use public highways. Tax form 2290 must be filed according to the rules established by the Internal Revenue Service. Failure to meet the HVUT deadline could put your vehicles at risk of being placed out of service.

Use Form 2290 to:

  • 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 if that vehicle later exceeded the mileage use limit during the period;
  • 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;
  • 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.

 Also, there is a mileage use limit— which is 5,000 miles or less (7,500 miles or less for agricultural vehicles). This mileage use limit applies to the total mileage a vehicle is used during a period, regardless of the number of owners. If your vehicle qualifies for this mileage use limit you can file for a suspension of payment on your form 2290 Heavy Vehicle Use Tax Return.

Just as important as it is to file your taxes on due date, it is also important to keep your vehicles and commercial equipment well protected with the right insurance coverage for the type of business that you run.

Orlando Truck Insurance is a full-service provider of Commercial Insurance products and services for Trucking and Commercial auto insurance. We invite you to review our programs: truck, public transportation, and commercial specialty auto. Orlando Truck Insurance has the products and underwriting experience to meet your insurance needs. As a recognized leader in the local trucking insurance industry, our parent company Garzor Insurance  specialized in serving “niche” or undeserved markets. Our proven, superior underwriting model creates flexibility to write unique coverage’s in a wide array of diverse industries.

We have the staff, the local experience and the customer service platform to walk you through your insurance coverage options and keep your business well protected. Again, call one of our truck and commercial vehicles insurance specialists today at (407) 203-7085 to get you started in the right track, we’ll be happy to assist. We are in this together!

Oscar Pacheco - Licensed Agent

Email Oscar

Posted by: AT 02:54 pm   |  Permalink   |  Email

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Orlando Truck Insurance

9601 Recycle Center Rd

Orlando, Fl 32824

Phone: (407) 203-7085
Fax: (321) 251-7720

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Orlando Truck Insurance offer Truck Insurance for the following operations: Agricultural Haulers, Auto Haulers, Bulk Hoppers, Dry Vans, Dirt/Sand/Gravel, Flat Bed, Grain Haulers, Heavy Haulers, Hazmat, Hotshot. Intermodal, Livestock / Cattle, Loggers, LTL, Milk Haulers, Oilfield, Refrigerated Goods, Steel Haulers, Tankers, Towing, Local, Long-haul, Intermediate

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Insurance is offered by Garzor Insurance and/or its affiliates, with their principal place of business at 4369 Hunters Park Lane, Orlando Fl 32837. This website provides a simplified description of Insurance Products. Nothing stated herein creates a contract. All statements made are subject to the provisions, exclusions, conditions and limitations of the applicable insurance policy. Please refer to actual policy forms for complete details regarding the coverage discussed. If the information in these materials conflicts with the policy language that it describes, the policy language prevails. Coverages and features not available in all states. Eligibility is subject to meeting applicable underwriting criteria.

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