Heavy Vehicle Use Tax Refund
You can claim a refund electronically for a vehicle that was sold, destroyed or stolen during the tax period. You can claim a credit for the tax paid on the next Form 2290 you file in the same or subsequent tax period. Alternatively, a refund of the tax paid can be claimed on Form 8849, Schedule 6, Other Claims. The refund amount will depend on when the vehicle was sold, destroyed or stolen.
You can claim a credit for the tax paid for the following:
- vehicle that was sold.
- vehicle that was sold destroyed.
- vehicle that was stolen during the tax period.
When to make claim:
Any refund for the vehicles that was either sold/ destroyed or stolen, used less than the mileage use limit or tax overpaid can be claimed using Form 8849 with duly filled return. Schedule 6 is used for claims not reportable on Schedules 1, 2, 3, 5, and 8, including refunds of excise taxes reported on:
- Form 720, Quarterly Federal Excise Tax Return.
- Form 2290, Heavy Highway Vehicle Use Tax Return.
- Form 730, Monthly Tax Return for Wagers.
- Form 11-C, Occupational Tax.
Do not use Form 8849:
To make adjustments to liability reported on Form 720 filed for prior quarters. Instead, use Form 720X, Amended Quarterly Federal Excise Tax Return. To claim amounts that you took or will take as a credit on Schedule C (Form 720), Form 730, Form 2290, or Form 4136. TruckTaxonline.com offers E-Filing of Form 8849 Schedule 6 and E-Filing option for other schedules are on the way. Using TruckTaxonline.com, you can E-File Form 8849 for claiming refunds for taxes reported on Form 2290 . It's a very smart application in that, when the credits on your Form 2290 exceeds the tax due, will automatically generate Form 8849 with offset credits Form 2290.