Form 2290 Amendments
Electronic filing makes it easy to prepare tax 2290 amendments on a reported vehicle in the current tax period. In Form 2290, an amendment refers to any change that you want to make to your previously filed returns. Additional tax is applicable on a amendment return, which can be paid electronically. The IRS watermarked Schedule-1 proof is made available instantly once the amendment return is approved. Tax 2290 Amendments are;
- Increase in taxable gross vehicle weight.
- Suspended vehicles exceeded the mileage use limit.
Pay Additional Tax
E-file make it easy to prepare your 2290 Amendment return and pay the additional taxes online, receive updated Schedule-1 proof instantly.
Electronic filing can get your returns processed faster than any other methods, new updated Schedule-1 copies are sent to you right away.
Pro Rate Taxes
By choosing e-filing you can pro rate your 2290 taxes for the remaining months of a tax period. No need to pay for the full tax period.
The additional taxes can be paid online through any of your preferred ways; EFTPS, EFW, Card Payments or by Check/Money Order.
Increase in taxable gross vehicle weight.
An increase in maximum load customarily carried or any such scenario can lead to an increase in the taxable gross weight of your vehicle. Report an amendment to the IRS and pay the applicable taxes due to your new taxable gross weight category. Form 2290 has a provision to report the additional tax for the remaining tax period and this has to be done by the last day of the month following the month in which the taxable gross weight increased.
Figure the additional tax using the following.
- Identify the month the taxable gross weight increased.
- Determine the new taxable gross weight category.
If the increase in taxable gross weight occurs in July after you have filed your return, you still have to report a new form 2290 amendment form for the additional tax.
Suspended vehicles exceeded the mileage use limit.
Once a suspended vehicle exceeds the mileage use limit, the tax becomes due. Mileage use limit means the use of a vehicle on public highways 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is used during a complete tax period, regardless of the number of owners.
We will figure the tax based on the month the vehicle was first used in the period. The tax due has to be paid to the IRS by available Payment Options. By e-filing the amended Form 2290, you have to pay by the last day of the month following the month in which the mileage use limit was exceeded.
A corrected schedule-1 copy with the VIN and other details will be stamped by IRS and the same will be sent to you by email. At Tax2290, you have the option of printing the corrected Schedule-1 copy by logging into your personal account. You also have the option to subscribe for a copy by FAX.