Truckers Facing Important IRS Deadline

Truckers Facing Important IRS Deadline - https://smallbiztrends.com Avatar Posted by lyceum under News
From https://smallbiztrends.com 169 days ago
Made Hot by: OpenSourceMedia on August 15, 2022 9:52 am
Anyone who has registered or is required to register a heavy highway motor vehicle with a taxable gross weight of 55,000 pounds or more in their name at the time of first use on the public highways during the reporting period must file for a Heavy Highway Vehicle Use Tax Return.
However, vehicles that expect to use 5,000 or fewer miles (7,500 for farm vehicles), are required to file a return but pay no tax. However, if the vehicle exceeds the mileage use limit during the tax period, the tax becomes due.





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