Form 2290 Errors, Corrections, and Amendments

Earlier this week, we braved the HVUT Form 2290 filing deadline for vehicles first-used in July. And we survived!

Now that the tax-filing commotion is dying down, it’s time to deal with the aftermath. Often while the dust is settling, those who filed on time begin to notice errors in the information they reported to the IRS.

Misspellings in names or addresses, VIN errors and more begin to crop up. But how do you correct a return that has been accepted? Will this error mean you owe more tax or will you be entitled to a refund?

Here are a few quick tips to help you figure it out. Of course, this is only the tip of the tax-filing iceberg, so if you’d like the real nitty-gritty details, it’s best to ask an expert (like us!).

Form 2290 Amendments may be filed for the three instances below.

• VIN Correction: If your 2290 was accepted by the IRS, but you noticed a VIN error on your return, then you must file a VIN correction. Upon acceptance of the amendment, you will receive a new stamped Schedule 1 with the correct information. This correction should be filed immediately as an innaccurate Schedule 1 will lead to vehicle registration issues.
• Suspended Vehicle Exceeds Mileage Limit: If you initially filed your vehicle as suspended (category W), but it exceeds the 5,000 mile limit (or 7,500 miles for agricultural vehicles), then you must promptly file this amendment to notify the IRS and pay the tax owed. This change must be filed by the end of the following month after the mileage was exceeded.
• Increase in Gross Vehicle Weight: When filing Form 2290, vehicles are taxed, in part, according to weight category. If during the year, your load weight increases and causes your gross weight to extend into the next highest category, then this amendment should be filed. The filing is due by the end of the month after the increase takes place. You will be required to report the date that the increase began, and calculate tax-owed based upon that date.

For typos, misspellings, and name corrections, you must call the IRS directly to make the change. However, if you had Truck Services of North America file your 2290, then we’ll make any corrections for you!

Form 8849 Credits for Excise Taxes can be filed to request a refund on taxes paid! 

There’s always a silver-lining, even with taxes. However, not all changes warrant money back. For instance, credits are not awarded for vehicles that operate at a lower gross vehicle weight than initially reported. Moreover, refunds are not given if a vehicle is not used for part of the year. 

The following are qualifying events for a tax refund:

• Vehicle is lost, stolen, or destroyed. In any of these events, refunds will be issued by filing Form 8849 along with Schedule 6, reserved for other claims and credits regarding Form 2290.
• Vehicle traveled too few miles during the tax year. If your vehicle traveled 5,000 miles or less during the tax year (7,500 for agricultural vehicles), then you may file for a refund.

Rather than file for a refund, you may claim a credit on next year’s 2290 and apply it directly to that return, thereby reducing the amount of tax owed.

Throughout the tax year, changes are bound to occur. Instead of fumbling around with the six Schedules that go with Form 8849, why not have us handle it for you? We’ll not only get your money back faster, but we’ll turn your stressful experience into a distant memory by filing exactly what you need, right when you need it.

And best of all, we can file all of these form for you over the phone! Simply call us, give us your info, and then send us a consent form. We’ll then file on your behalf, and in the same day no less! You can’t find service like that, especially for our competitive pricing.

To see the array of services we offer, visit TSNAmerica.com. Then send us a Service Request Form, email us at support@TSNAmerica.com or call 803.386.0320.