Highway Use Tax Return Due August 31, 2015
The IRS released an announcement today reminding owners of heavy highway vehicles that Form 2290 is due by August 31, 2015 to pay their excise taxes for these vehicles. The tax is normally for the period from July 1 to June 30 and is required for those farmers who operate semi-trucks (which there a lot more of those every year).
If you just purchased a new semi-truck, you are required to file this form by the last day of the month of first use.
Paul Neiffer, CPA
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
Comments are closed.