The federal highway use tax (FHUT) form and rules may be changing in the next few months. These changes may cause delays in the 2011-2012 Form 2290 filing season. The IRS is currently not accepting any paper or e-filed Form 2290’s. An announcement on the changes to the Form 2290 is expected once the legislation is finalized.
The problem from these delays is that the Form 2290 is typically required before you can get new tags. States will accept your Schedule 1 for the Form 2290 for the previous tax year (July 1, 2010 – June 30, 2011) as proof of payment so you can renew your tags.
The IRS has recommended that you do not send in old versions of the Form 2290 for your 2011-2012 FHUT. Any payment that is sent with old versions of Form 2290 will be applied to your tax account. No schedule 1 for the 2011-2012 tax year will be issued until the current Form 2290 is filed and all tax is paid. If an old form is filed, the IRS will issue a notice requesting a current form.
Please contact Brady Pipkin, CPA or Jeff Lovelady, CPA at 501.753.9700 for more information
1 comment:
E-file IRS Heavy Vehicle Use Tax form 2290 with http://www.expresstrucktax.com and get Schedule 1 in minutes.
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