Once the owners fill the form, they will be required to pay a onetime fee of $75.
Heavy Use Tax Form
Trucking company owners should also comply with tax regulations related to the heavy use of U.S roads. In order to comply with this regulation, they should fill out the IRS form.
Same like the previous form, the heavy use tax form can also be downloaded online through the IRS website.
The heavy Use Tax Form identifies the tax that should be paid. The tax that you are going to pay will depend on the truck’s weight and frequency of road usage. The IRS it’s supposed to receive the form within 120 days of filing.
IFTA Decal
Depending on local laws, each state will provide an International Fuel Tax Agreement (IFTA decal) for trucks.
Trucking company owners should look at their state’s rules and requirements on the IRP portal or other transportation websites, and find out all they need to know about this registration.
