What is the Form 2290
Form 2290 is a Federal Excise tax that is imposed on vehicles operating on highways with a gross vehicle weight of 55,000 pounds or more. This tax is paid annually for all vehicles that have a gross vehicle weight above 55,000. This may also be referred to as Heavy Vehicle Use Tax.
What is the purpose of Form 2290:
Pay tax for vehicles with a taxable gross weight of 55,000 pounds or more.
Report tax exemption for vehicles which are expected to be used 5,000 or less (7,500 miles or less if it is an agricultural vehicle)
Claim credits for taxes paid on any taxable vehicles which are sold, stolen, destroyed or used 5,000 miles or less (7,500 miles, if agricultural vehicles)
To correct a VIN that may have been entered incorrectly
Report 2290 amendments such as an increase in taxable gross weight and taxable vehicle exceeds the mileage limit.