Highway Use Tax Returns Due Soon
The IRS is reminding owners of
highway motor vehicles weighing over 55,000 pounds that highway use tax returns
and payment are due September 2, 2014. The
normal deadline for filing Form 2290 is August 31, but this year
that date falls on a Sunday, and the following Monday is the Labor Day
holiday. Be sure to keep track of the
mileage for such vehicles, because the IRS allows a suspension of tax on heavy
vehicles used for 5,000 miles or less during the tax year. You can read more about the highway use tax
on the IRS website at http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Trucking-Tax-Center.
This blog is for informational purposes only. It is not
intended to be and should not be relied upon as legal advice.
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