The IRS release (IR-2015-101) notes that the August 31 deadline generally applies for filing Form 2290, Heavy Highway Vehicle Use Tax Return, and the related tax payment for the tax year that begins July 1, 2015, and ends June 30, 2016.
The IRS encourages all taxpayers to file Form 2290 and pay any tax due electronically. Taxpayers reporting 25 or more vehicles must “e-file.”
The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more—generally, trucks, truck tractors, and buses. Typically, vans, pick-up trucks, and panel trucks are not taxable because they fall below the 55,000-pound threshold.
The tax of up to $550 per vehicle is based on weight, but a variety of special rules apply.
© 2016 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.