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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.

2290 Instructions Simplified

May 15, 2014

Written by Molly Harris The IRS hasn’t been known for making anything simple. Like, at all. Ever. In all their existence. When it comes to the Form 2290 instructions, it’s okay that the IRS is not simple because you have me to make it simple for you. My goal of this article is to take IRS jibberish that seems to be written in this fashion- … Read More »

IRS Form 2290 Instructions: Recordkeeping Requirements

May 13, 2014

Written by Casey Jenkins Do you know what records you need to keep? Do you know how long to keep them? The Form 2290 Instructions talk a lot about it this year. What Records No matter how simple or complex your Form 2290 is, you are required to keep records of it. Many of the specifics that the IRS wants to see are things you … Read More »

IRS Form 2290 Instructions: Suspended Timing

May 8, 2014

I have and will talk a lot about suspended vehicles and that’s because they can be really tricky. Whenever the IRS opens a window to help people save money on their taxes, you can be sure they probably slammed a door somewhere too! In this article, I just want to clarify a part of the Form 2290 Instructions that I had to read a few … Read More »