When is a vehicle Considered Taxable or Suspended.
IRS form 2290 is used to pay Heavy Highway Vehicle Use Tax (HVUT). IRS form 2290 payment is set up to help provide funding to federal states to repair the roads damaged due to running of Heavy highway vehicles . Extensive running of Heavy highway vehicles weighing more than 55,000 pounds can cause repairs on the road. Thus the taxes collected through IRS Form 2290 helps for the maintenance and repair as well as a variety of other programs to keep the roads to function properly. Any vehicle that has a gross weight of 55,000 pounds requires a form 2290 to be filed but there are two major categories they are classified under.They are Taxable and Suspended. TAXABLE VEHICLE: Highway motor vehicles that have a taxable gross weight of 55,000 pounds or more and runs over 5000 miles (7,500 miles or more for agricultural vehicles ) are taxable. A Highway Motor Vehic...