Form 2290 – Schedule 1 is the proof of payment for the Heavy Vehicle Use Tax (HVUT) that Truckers pay to the IRS. An IRS stamped Schedule 1 is required for tags and vehicle registration at the Department of Motor Vehicle (DMV). When you perform the Form 2290 e-file through the IRS approved e-file vendor like Taxseer2290 then the Schedule-1 is received with the digital watermark within minutes. The trucker can take a print out of the Schedule-1 and present it to the DMV and get their vehicle tag renewed. Please note If you want a copy of a prior-period Schedule 1 returned, you must send a written request to the Department of the Treasury.

You can use the schedule 1 for the following options to report all vehicles for which you are reporting tax (including an increase in taxable gross weight) form 2290 and those that you are reporting suspension of the tax by category and vehicle identification number (VIN). As proof of payment to register your vehicle(s) (unless specifically exempted) in any state, use the copy of Schedule 1 stamped and returned to you by the IRS for this purpose. This way the schedule 1 options can be chosen by you correctly.

IRS Form 2290 Amendment Can Be Done Due To The Following Reasons:

Additional tax from an increase in taxable gross weight of the vehicle, if the taxable gross weight of a vehicle increases during the period and the vehicle falls in a new category, you should file an amended return. For instance, an increase in maximum load customarily carried may change the taxable gross weight. File 2290 form and Schedule 1 by the last day of the month following the month in which the taxable gross weight increased.

Suspended vehicles exceeding the mileage use limit

Once a suspended vehicle exceeds the mileage use limit, the tax IRS schedule 1 copy becomes due. Mileage use limit means the use of a vehicle on public highways 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is used during a period, regardless of the number of owners

VIN Correction

A Vehicle Identification Number (VIN) is a unique serial number used by the automotive industry to identify individual motor vehicles. Because VIN contains a combination of letters and numbers, occasionally users end up making mistakes in inputting the VIN in IRS form 2290. Taxseer2290 customers can take advantage of our free service to correct improperly submitted VIN filings with the IRS. Taxseer2290 online expedites VIN correction submission, and it takes only a few minutes to get new Schedule 1, during business hours.

Final Words –

Now, that you know about the various kinds of amendments and what is included in schedule 1, hopefully, you will fill the form correctly. Plus, there are many service providers for you through which you can fill the etax2290 or form 2290 tax online. You can also do it alone if you are a new comer as there is a step by step process that is given when you go to file the form 2290 online.