IRS Form 8849 is a tax form used to claim a refund of excise taxes paid by businesses or individuals. Specifically, it is used to claim a refund of motor carriers’ heavy vehicle use tax (HVUT). HVUT is a tax imposed on heavy vehicles with a gross weight of 55,000 pounds or more on public highways. The tax is collected annually, and the amount due is based on the vehicle’s weight and the number of miles it is expected to travel during the tax period.
This article will discuss what IRS Form 8849 is and how it relates to IRS Form 2290.
What is IRS Form 8849?
As mentioned, IRS Form 8849 is a tax form used to claim a refund of excise taxes paid. The form has five schedules, but Schedule 6 is the only schedule relevant to the heavy vehicle use tax. Motor carriers who have overpaid their HVUT or vehicles that were destroyed, stolen, or sold before June 1 or used 5,000 miles or less during the tax period can use Form 8849 Schedule 6 to claim a refund.
Who needs to file Form 8849?
Carriers who have paid HVUT can file Form 8849 Schedule 6 to claim a refund if they meet certain criteria. The criteria include the following:
- Overpayment due to a mistake in tax liability: If a carrier has overpaid their HVUT due to a mistake in tax liability, they can claim a refund by filing Form 8849 Schedule 6.
- Vehicle destroyed, stolen, or sold before June 1: If a carrier’s vehicle was destroyed, stolen, or sold before June 1, they can claim a refund for the HVUT paid on that vehicle by filing Form 8849 Schedule 6.
- The vehicle used 5,000 miles or less (7,500 miles or less for agricultural vehicles) during the tax period: If a carrier’s vehicle was used for 5,000 miles or less during the tax period (7,500 miles or less for agricultural vehicles), they can claim a refund for the HVUT paid on that vehicle by filing Form 8849 Schedule 6.
When to file Form 8849?
A refund claim for HVUT can be requested only after the tax period ends on June 30 of each year. Claims must be filed within three years of the HVUT filing and submitted by the company that originally paid the tax.
How does Form 8849 relate to Form 2290?
Form 2290 is used to report and pay HVUT to the IRS. The annual tax form must be filed by motor carriers who own and operate heavy vehicles weighing 55,000 pounds or more on public highways. The tax is collected for each taxable period, which runs from July 1 of one year to June 30 of the following year. The amount of tax due is based on the vehicle’s weight and the miles it is expected to travel during the tax period.
Form 8849 claims a refund of HVUT paid by motor carriers who overpaid the tax, had a vehicle destroyed, stolen, or sold before June 1, or had a vehicle used 5,000 miles or less during the tax period. Form 8849 Schedule 6 is the only schedule relevant to the HVUT and must be filed along with Form 8849 to claim a refund.
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