67,000 lb Truck Tax in Arizona

Understanding Form 2290 for Your 67,000 lb Truck in Arizona

If you operate a heavy highway vehicle with a gross taxable weight of 55,000 pounds or more on public highways, you're likely responsible for filing Form 2290, the Heavy Vehicle Use Tax (HVUT) return, with the IRS. This applies to trucks operating in Arizona just as it does in every other state. This guide provides specific information on how the HVUT applies to a 67,000 lb truck in Arizona.

The Heavy Vehicle Use Tax is levied annually. The tax year begins on July 1st and ends on June 30th of the following year. The deadline to file Form 2290 and pay the HVUT is typically August 31st. If you begin operating your truck after July, you must file Form 2290 by the end of the month following the month the vehicle was first used on public highways.

Calculating Your HVUT for a 67,000 lb Truck

The HVUT is calculated based on the vehicle's gross taxable weight. For a truck weighing 67,000 lbs, the tax is calculated as follows:

• Base tax: $100
• Additional tax: $22.00 for each 1,000 pounds (or fraction thereof) over 55,000 pounds

Therefore, for a 67,000 lb truck, the calculation is:

$100 + ($22.00 x (67,000 - 55,000) / 1,000) = $100 + ($22.00 x 12) = $100 + $264 = $364

Your HVUT for a 67,000 lb truck is $364 annually.

Filing Form 2290 Electronically

The IRS encourages electronic filing (e-filing) of Form 2290. In fact, if you are filing for 25 or more vehicles, you are required to e-file. E-filing offers several advantages, including:

• Faster processing
• Reduced errors
• Instant confirmation of filing
• Convenience

You can e-file Form 2290 through an IRS-approved e-file provider. Several providers offer user-friendly interfaces and assistance with the filing process. Using an e-file provider is often the simplest and most accurate way to ensure compliance.

Required Information for Filing

To file Form 2290, you'll need the following information:

• Your Employer Identification Number (EIN). You cannot use your Social Security Number (SSN).
• Your vehicle identification number (VIN) for each truck.
• The gross taxable weight of each truck.
• Your business name and address.

Penalties for Late Filing or Payment

Failing to file Form 2290 or pay the HVUT on time can result in penalties. The penalty for late filing is 4.5% of the total tax due, assessed monthly, up to a maximum of 22.5% of the tax. The penalty for late payment is 0.5% of the unpaid tax, assessed monthly, up to a maximum of 25% of the tax. Additionally, interest charges may apply.

Credits and Suspensions

There are situations where you might be eligible for a credit or suspension of the HVUT. For example, if a truck is destroyed, stolen, or sold during the tax year, you may be able to claim a credit for the tax paid for the period the vehicle was not in service. Vehicles used for less than 5,000 miles (7,500 for agricultural vehicles) are often eligible for a suspension of the tax.

Remember to consult the official IRS instructions for Form 2290 for the most up-to-date information and guidance.