Form 2290 Amendment is the change that we make to the previously filed returns. The IRS allows the taxpayers to amend their filed IRS Form 2290 under the following scenarios.
3 Types of Amendments for IRS Form 2290
- Suspended Vehicles Exceeded the Mileage Usage Limit.
- Increase in Taxable Gross Weight of the Vehicle.
- VIN Correction.
Suspended Vehicle Exceeded the Mileage Usage Limit
If a suspended vehicle exceeds the mileage use limit, this tax becomes due. Mileage usage limit of a vehicle on public highways is 5,000 miles or less(7,500 or less for agricultural vehicles). This mileage limit refers to the total mileage of a vehicle that is used on the public road during the tax period, in spite of number of owners.
Form 2290 tax calculation is based on the first usage of the vehicle in the given period. You need to file the Amended Form 2290 and Schedule 1 by the last day of the month succeeding the month in which the mileage limit of the taxable vehicle was exceeded.
With Tax2efile, you can get your corrected Schedule 1 copy stamped by the IRS and you will be notified for the same in your email. You can also download Stamped Schedule 1 by logging into your Tax2efile’s personal dashboard anytime.
Increase in Taxable Gross Weight of the Vehicle
If the taxable gross weight of a vehicle increases during the period or when the vehicle falls into a new higher weight category, you need to file this type of amendment. For example, the taxable gross weight of the vehicle may change if there is an increase in maximum load customarily carried. In such scenario, you must recalculate your tax and report the additional tax on the Form 2290. This must be filed by the last day of the month succeeding the month in which the vehicle's taxable gross weight increased.
Tax2efile assists the taxpayers to file the increase in taxable gross weight of the vehicle easily, calculates the difference in the tax accurately and ensures to get the Schedule 1 for the new category quickly.
If you have filed a wrong Vehicle Identification Number(VIN) by mistake while reporting the Form 2290, then you need to file an Amendment for VIN correction. The IRS also understands that errors may occur while entering the VIN due to the length of it and accepts it as a common mistake.
Note : You cannot claim other credits on the same Form 2290 where you file a VIN Correction. You must have already paid for the original HVUT Form,else you will attract IRS Penalties. Tax2efile offers free VIN Correction and get your corrected Schedule 1 in minutes. We ensure efficient E-filing Form 2290 Amendment to correct the VIN mistake.