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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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#1
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Federal heavy vehicle use tax (heavy haul tax) form 2290
The semi truck that I own, with the trailer, is now
semi-operational. The only thing that does not work, yet, is the hydraulic beavertail on the trailer. We are now using it You can see the truck with trailer on this pictu http://www.machinerymoverschicago.com/moving-02.jpg Anyway, my question is about the federal heavy haul tax, form 2290: Form: http://www.irs.gov/pub/irs-pdf/f2290.pdf Instruction: http://www.irs.gov/pub/irs-pdf/i2290.pdf The law is that owners of heavy vehicles must pay heavy haul tax. In my case, with a "V" plate, it would be $500 per year. However, there is a provision that if the truck is expected to be used less than 5,000 miles per year, then it can be claimed as "suspended", and I would not owe tax. This comes to using it less than 100 miles per week. As of now, I expect that we will in fact be using it less than 100 miles a week. Am I correct in my reading that I can claim it as suspended and submit the return, but not pay tax? And if, say, I end up using it more than 5,000 miles per year, I can then pay tax? Anyone knows this well enough? thanks i |
#2
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Federal heavy vehicle use tax (heavy haul tax) form 2290
On 9/23/2012 3:58 PM, Ignoramus11296 wrote:
.... Am I correct in my reading that I can claim it as suspended and submit the return, but not pay tax? And if, say, I end up using it more than 5,000 miles per year, I can then pay tax? Anyone knows this well enough? .... I believe that is so, Igg, but post the question to misc.taxes.moderated -- there are several pros over there who will research/cite before posting if don't know otoh... -- |
#3
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Federal heavy vehicle use tax (heavy haul tax) form 2290
On 9/23/2012 3:58 PM, Ignoramus11296 wrote:
... Am I correct in my reading that I can claim it as suspended and submit the return, but not pay tax? And if, say, I end up using it more than 5,000 miles per year, I can then pay tax? Anyone knows this well enough? ... You can deal with it either way. Pay the "tax" first then claim a refund if you don't hit 5K a year. Or file for suspension and pay if you go over. BUT either way you had better have VERY good documentation. Vehicle logs, driver logs, fuel reciepts and such to be able to prove the number. -- Steve W. |
#4
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Federal heavy vehicle use tax (heavy haul tax) form 2290
On 9/24/2012 1:55 PM, Steve W. wrote:
On 9/23/2012 3:58 PM, Ignoramus11296 wrote: ... .... BUT either way you had better have VERY good documentation. Vehicle logs, driver logs, fuel reciepts and such to be able to prove the number. He's got to keep that anyway for the highway boys and he'll want it for tax porpoises as well... -- |
#5
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Federal heavy vehicle use tax (heavy haul tax) form 2290
dpb wrote:
On 9/24/2012 1:55 PM, Steve W. wrote: On 9/23/2012 3:58 PM, Ignoramus11296 wrote: ... ... BUT either way you had better have VERY good documentation. Vehicle logs, driver logs, fuel reciepts and such to be able to prove the number. He's got to keep that anyway for the highway boys and he'll want it for tax porpoises as well... -- True, But you know how Uncle Sam is about paperwork... Especially a hauler who claims to be running under 5K a year with a heavy rig. -- Steve W. |
#6
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Federal heavy vehicle use tax (heavy haul tax) form 2290
On 2012-09-24, Steve W. wrote:
On 9/23/2012 3:58 PM, Ignoramus11296 wrote: ... Am I correct in my reading that I can claim it as suspended and submit the return, but not pay tax? And if, say, I end up using it more than 5,000 miles per year, I can then pay tax? Anyone knows this well enough? ... You can deal with it either way. Pay the "tax" first then claim a refund if you don't hit 5K a year. Or file for suspension and pay if you go over. BUT either way you had better have VERY good documentation. Vehicle logs, driver logs, fuel reciepts and such to be able to prove the number. Good idea. I think that what I will do is, I will pay the tax now, document my mileage, and then file for a refund if I am under 5k miles after a year. i |
#7
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Federal heavy vehicle use tax (heavy haul tax) form 2290
On 9/23/2012 4:58 PM, Ignoramus11296 wrote:
... We are now using it You can see the truck with trailer on this pictu http://www.machinerymoverschicago.com/moving-02.jpg ... Wow - you are dealing in some serious ****! Is "machinerymoverschicago" a new business of yours? Bob |
#8
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Federal heavy vehicle use tax (heavy haul tax) form 2290
Ignoramus11296 writes:
You can see the truck with trailer on this pictu http://www.machinerymoverschicago.com/moving-02.jpg Is that green thing the larger size Mr. Fusion? -- A host is a host from coast to & no one will talk to a host that's close........[v].(301) 56-LINUX Unless the host (that isn't close).........................pob 1433 is busy, hung or dead....................................20915-1433 |
#9
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Federal heavy vehicle use tax (heavy haul tax) form 2290
On Mon, 24 Sep 2012 18:56:11 +0000 (UTC), David Lesher
wrote: Ignoramus11296 writes: You can see the truck with trailer on this pictu http://www.machinerymoverschicago.com/moving-02.jpg Is that green thing the larger size Mr. Fusion? Caught my eye too! Gunner -- "Confronting Liberals with the facts of reality is very much akin to clubbing baby seals. It gets boring after a while, but because Liberals are so stupid it is easy work." Steven M. Barry |
#10
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Federal heavy vehicle use tax (heavy haul tax) form 2290
On 9/24/2012 3:50 PM, Gunner wrote:
On Mon, 24 Sep 2012 18:56:11 +0000 (UTC), David Lesher wrote: writes: You can see the truck with trailer on this pictu http://www.machinerymoverschicago.com/moving-02.jpg Is that green thing the larger size Mr. Fusion? Caught my eye too! Gunner That's some heavy ****... |
#11
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Federal heavy vehicle use tax (heavy haul tax) form 2290
On Mon, 24 Sep 2012 21:10:35 -0500, Richard
wrote: On 9/24/2012 3:50 PM, Gunner wrote: On Mon, 24 Sep 2012 18:56:11 +0000 (UTC), David Lesher wrote: writes: You can see the truck with trailer on this pictu http://www.machinerymoverschicago.com/moving-02.jpg Is that green thing the larger size Mr. Fusion? Caught my eye too! Gunner That's some heavy ****... Umm, Iggy? You did hear that part about 80,000# max with a standard rig, right? I have a feeling you drive that over a scale the way it's loaded in the picture, and it's gonna light up TILT by a good 5K to 10K. And you start peeling Benjamins off that wad in your pocket and handing them to the nice Illinois Highway Patrol Ossifer till he develops a case of transient amnesia. Or you let him write the ticket and the stack of bills (or the check payable to the State...) you hand to the Court Clerk is going to be a lot higher. Oh, and don't try the Back Roads at 2 AM trick - Portable Scales. -- Bruce -- |
#12
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Federal heavy vehicle use tax (heavy haul tax) form 2290
On 2012-09-25, Bruce L. Bergman (munged human readable) wrote:
On Mon, 24 Sep 2012 21:10:35 -0500, Richard wrote: On 9/24/2012 3:50 PM, Gunner wrote: On Mon, 24 Sep 2012 18:56:11 +0000 (UTC), David Lesher wrote: writes: You can see the truck with trailer on this pictu http://www.machinerymoverschicago.com/moving-02.jpg Is that green thing the larger size Mr. Fusion? Caught my eye too! Gunner That's some heavy ****... Umm, Iggy? You did hear that part about 80,000# max with a standard rig, right? I have a feeling you drive that over a scale the way it's loaded in the picture, and it's gonna light up TILT by a good 5K to 10K. It was not overweight, the stuff on it was mostly light, with the exception of the shear on the back. i And you start peeling Benjamins off that wad in your pocket and handing them to the nice Illinois Highway Patrol Ossifer till he develops a case of transient amnesia. Or you let him write the ticket and the stack of bills (or the check payable to the State...) you hand to the Court Clerk is going to be a lot higher. Oh, and don't try the Back Roads at 2 AM trick - Portable Scales. -- Bruce -- |
#13
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Federal heavy vehicle use tax (heavy haul tax) form 2290
On Mon, 24 Sep 2012 18:56:11 +0000 (UTC), David Lesher
wrote: Ignoramus11296 writes: You can see the truck with trailer on this pictu http://www.machinerymoverschicago.com/moving-02.jpg Is that green thing the larger size Mr. Fusion? g I sure would like one of those little ones, wouldn't you? Garbage in, LIGHT SPEED (or time travel) out. How could it get any better? -- Never trouble another for what you can do for yourself. -- Thomas Jefferson |
#14
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Federal heavy vehicle use tax (heavy haul tax) form 2290
"Larry Jaques" wrote in message
Is that green thing the larger size Mr. Fusion? g I sure would like one of those little ones, wouldn't you? Garbage in, LIGHT SPEED (or time travel) out. How could it get any better? You'll be marooned on the Planet of Obsessive Recyclers. |
#15
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Federal heavy vehicle use tax (heavy haul tax) form 2290
On Mon, 24 Sep 2012 20:30:44 -0400, "Jim Wilkins"
wrote: "Larry Jaques" wrote in message Is that green thing the larger size Mr. Fusion? g I sure would like one of those little ones, wouldn't you? Garbage in, LIGHT SPEED (or time travel) out. How could it get any better? You'll be marooned on the Planet of Obsessive Recyclers. Where I stole the marjareen... -- Never trouble another for what you can do for yourself. -- Thomas Jefferson |
#16
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Federal heavy vehicle use tax (heavy haul tax) form 2290
Larry Jaques wrote: On Mon, 24 Sep 2012 18:56:11 +0000 (UTC), David Lesher wrote: Ignoramus11296 writes: You can see the truck with trailer on this pictu http://www.machinerymoverschicago.com/moving-02.jpg Is that green thing the larger size Mr. Fusion? g I sure would like one of those little ones, wouldn't you? Garbage in, LIGHT SPEED (or time travel) out. How could it get any better? A great way to dispose of all the junk mail from the DNC. |
#17
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Federal heavy vehicle use tax (heavy haul tax) form 2290
On Mon, 24 Sep 2012 18:56:11 +0000 (UTC), David Lesher
wrote: Ignoramus11296 writes: You can see the truck with trailer on this pictu http://www.machinerymoverschicago.com/moving-02.jpg Is that green thing the larger size Mr. Fusion? You want one? I have one! For you, real cheep!! (For the rest of you, Google up "Krups Type 223A Coffee Mill". Paramount Art Department stickers not included.) -- Bruce -- |
#18
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story of every engineering student
The Do's & Don'ts of an Engineering student.
http://www.youtube.com/watch?v=F-Mwe...ure=plpp_video Subscribe for more footage. |
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