Under Heavy Vehicle used tax guidelines, vehicles that weigh 55,000 pounds or more need to pay the federal tax. To pay the tax, the owners need to file form 2290 electronically. When the owners file HVUT Form 2290, they need to provide the vehicle identification number.
Vehicle Identification Number
A vehicle identification number (VIN) is a 17 character number that contains both letters and numbers . This number is used for the identification of motor vehicles .
The Internal Revenue Service mandates owners of heavy vehicles to file IRS form 2290 by quoting the VIN. There is a separate section in schedule 1 form 2290 to enter the Vehicle identification number.
Purpose of Vehicle Identification Number
The following are some of the purposes that the vehicle identification numbers serve:
- The vehicle identification number is used for verification of heavy vehicle use tax paid to the internal revenue service.
- This number is also used by the federal and insurance agencies to identify and track down a vehicle .
- The vehicle identification number is also used by government agencies to process vehicle recalls.
- Vehicle identification numbers help track compliance for imported vehicles.
Vehicle Identification Number (VIN) correction
In case there occurs any error in the Vehicle identification number previously filed in form 2290, VIN correction is submitted to amend the mistake. To correct the VIN, the owner first needs to have details about the correct VIN number. It is crucial on the part of the owner to fill in the correct number and also double-check to ensure that there is no mistake otherwise it would result in the rejection of the HVUT form 2290.
When can the owner submit the VIN correction?
Well, there is no such deadline for the submission of VIN correction. However, it is advised to file as soon as the owner comes to know that he has entered the wrong VIN on the IRS form 2290.
The correction can only be done on taxable or suspended trucks. It cannot be done on the previously suspended trucks. The owner cannot claim credits on the form that they use for the filing of VIN correction.
How can the vehicle owner file Vehicle Identification Number (VIN) correction?
Vehicle identification number correction can be filed by the owner both online and offline. It is advised by the Internal Revenue Service to file VIN correction electronically as it is a quick and easy option. Once the owner submits the returns, he will receive the amended copy of schedule 1 form 2290 on the registered email address.
Online filing of VIN correction on form 2290
The following are the steps for the electronic submission of VIN correction:
- First, the user needs to login into the account with the help of an email address and password.
- Next, he has to select the option ‘Make amendment to an existing filing’.
- If the business details are not registered in the database, then he has to click the “add new business” option. If the details are registered, then select business and choose “start e-filing”.
- Later, he has to select the period for which the correction of the VIN is to be filed. In case the owner is filing the final return, then he has to select the option “yes” if not then “no”. After the completion of the step, he needs to click ‘Next;.
- The user needs to select the ‘Form 2290 VIN correction’ option that will appear
- The user needs to fill in the reference number so that correction can be made on the accepted 2290 return.
- In the end, the user will receive an email on the registered email address which will confirm the VIN correction and a copy of schedule 1 of form 2290 will also be sent to the registered email address.
Manual filing of Vehicle Identification Correction
The steps are given below:
- First, the user needs to download form 2290 from the IRS website or get the form from a local tax office.
- Next, he has to fill in all the information such as name, EIN, and address.
- In the following section, he needs to check the box that indicates “VIN correction”.
- PEnter the correct VIN on schedule 1 and also attach a declaration explanation about the VIN correction.
- In the end, he has to mail the form to the Internal Revenue Service, P.O Box 932500, Louisville, KY 40293-2500.