Thursday, September 27, 2007

New Law Changes Highway Use Tax Rules: Installment Payment Option Eliminated

The IRS is reminding truckers and other owners of heavy highway vehicles that the installment option for paying the federal highway use tax will no longer be available. This change was included in the American Jobs Creation Act of 2004 and applies to filers of Form 2290, Heavy Highway Vehicle Use Tax Return.

Read more about Tax Rules

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