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Glossary: Stamped Schedule 1

June 4, 2014

The Stamped Schedule 1 is a receipt for an accepted Form 2290. Whether you e-file or paper file your 2290 Form, this receipt is required for DMV Registration. This document will show the VINs of the trucks you have listed on the Form 2290, both taxable trucks and suspended vehicles.

Heavy Highway Vehicle Use Tax Weighing Heavy On Your Wallet?

May 29, 2014

Written by Molly Harris Most people don’t realize the work it takes to actually get a truck on the road, but I’m sure you do! From licensing, registration, permits, and taxes like the Heavy Highway Vehicle Use Tax- the list just goes on and on. You’re in luck because one of my favorite things to do is save people money. I have listed below different … Read More »

Glossary: International Fuel Tax Agreement (IFTA)

May 27, 2014

The name of the agreement between the United States and Canada that enables motor carriers to travel across state lines. Motor carriers operate under this agreement obtain an IFTA decal for their truck. Every year, they agree to report all miles traveled in each jurisdiction every quarter. Synonyms: Fuel tax

Glossary: Highway Use Tax (HUT)

May 22, 2014

New York State imposes a highway use tax (HUT) on motor carriers operating certain motor vehicles on New York State public highways (excluding toll-paid portions of the New York State Thruway). The tax is based on mileage traveled on NYS public highways and is computed at a rate determined by the weight of the motor vehicle and the method that you choose to report the … Read More »

Glossary: Heavy Use Vehicle (HUV)

May 20, 2014

A vehicle that weighs 55,000 pounds or more.