67,000 lb Truck Tax in Missouri

Understanding Form 2290 for a 67,000 lb Truck in Missouri

As a trucking professional operating a vehicle with a gross taxable weight of 67,000 pounds in Missouri, you are likely subject to the Heavy Vehicle Use Tax (HVUT) and required to file Form 2290 with the Internal Revenue Service (IRS). This guide provides a comprehensive overview of Form 2290 as it applies to your specific situation. This guide is specifically for vehicles operating in Missouri.

What is Form 2290?

Form 2290, officially titled the "Heavy Vehicle Use Tax Return," is used to report and pay the HVUT on heavy highway vehicles operating on public roadways in the United States. It applies to vehicles with a gross taxable weight of 55,000 pounds or more. The tax year runs from July 1st to June 30th.

Gross Taxable Weight and Your 67,000 lb Truck

Your truck's gross taxable weight is a critical factor in determining your HVUT liability. The IRS defines gross taxable weight as the unloaded weight of the vehicle, plus the unloaded weight of any trailers customarily used in combination with the vehicle, plus the maximum load carried on the vehicle and any trailers. Since your truck weighs 67,000 lbs, it falls squarely into the taxable weight range.

HVUT Rate for a 67,000 lb Truck

The HVUT rate is based on the vehicle's gross taxable weight. For vehicles weighing 55,000 pounds or more, the tax rate is $100 per year, plus an additional $22 for each 1,000 pounds (or fraction thereof) over 55,000 pounds. Here's the calculation for your 67,000 lb truck:

• Base tax: $100
• Excess weight: 67,000 lbs - 55,000 lbs = 12,000 lbs
• Additional tax: 12 x $22 = $264
• Total HVUT: $100 + $264 = $364

Therefore, the annual HVUT for your 67,000 lb truck in Missouri is typically $364.

Filing Deadline

The deadline for filing Form 2290 is typically August 31st for vehicles that are used on public highways during July. If you begin using your truck on public highways after July, you must file Form 2290 by the last day of the month following the month the vehicle was first used. For example, if you start using the truck in September, your filing deadline is October 31st. If the due date falls on a weekend or legal holiday, the deadline is extended to the next business day.

How to File Form 2290

You can file Form 2290 electronically (e-file) or by mail. The IRS encourages e-filing, especially for those filing for 25 or more vehicles, as it is faster and more efficient. To e-file, you must use an IRS-approved e-file provider. If you choose to file by mail, you can download Form 2290 and instructions from the IRS website and mail it to the address listed in the instructions.

Required Information

When filing Form 2290, you will need the following information:

• Employer Identification Number (EIN): You cannot use your Social Security number.
• Vehicle Identification Number (VIN) for each vehicle.
• Gross taxable weight of each vehicle.
• Taxable period (July 1 - June 30).
• Payment method (e.g., Electronic Funds Withdrawal, check, money order).

Record Keeping

It is crucial to keep accurate records related to your Form 2290 filing. The IRS requires you to maintain records for at least three years from the date you filed the return. These records should include a copy of Form 2290, proof of payment, and documentation supporting your vehicle's gross taxable weight.