For those who are already apart of the motor carrier industry, the term heavy vehicle usage tax is probably second nature to you; so for those who are coming into the motor carrier industry; you will learn what HVUT is and how it affects you.  Heavy Vehicle Usage Tax, also known as HVUT, is an excise tax mandated by the IRS.  Highway motor vehicles (vehicles such as tractors, truck tractors, buses, etc.) that weigh 55,000 lbs or more are subject to HVUT.  In essence, vehicles that operate large loads and carrying weights are subject to the HVUT.  The following areas will provides more insight into the regulation of Heavy Vehicle Usage Tax:  1. Exemptions from filing the tax, 2. Important factors to consider when filing and 3. Filing Time-frame

Mainly those who are exempt from filing the tax are the vehicles of local, state and federal governments.  Also volunteer organizations that assist in public emergency or disaster matters are exempted as well.

Congress is implementing changes to the HVUT filing regulations.  Currently, vehicles subjected to the HVUT, who operated during July-September 2011 will have a grace period in filing the tax. The IRS had enacted an extension of filing the tax for those who fall under the July 1 reporting tax period.  Accordingly, heavy vehicle operators have until November 2011 to file their HVUT.  The extension ensures that heavy vehicle operators will have their necessary credentials necessary operate their vehicles and file their taxes on time.

If you are not sure where to start with your Heavy Vehicle Usage Tax situation, are new to HVUT, have tax issues, or just need overall assistance, Wisdom & Authority Titling Solutions is available to assist you with your Form 2290 filing needs.  

 

 

 

 

 

 

 

 

If you are leasing a vehicle in Virginia or are considering doing so, this segment provides comprehension of the titling and registration aspect of leasing a vehicle in Virginia.  In addition to that; light will be shed on some challenges that can transpire when leasing a vehicle in Virginia.

 

 

 

When you are leasing a vehicle in Virginia, that vehicle is subject to Virginia's vehicle titling and registration laws (even if the leasing company is out of state).  In regards to titling and registration the lessee doesn't own the vehicle, the lessor does.  With that being said, the lessor (the leasing company), is responsible for allowing the lessee to get the vehicle titled and registered in their designated state.  Please be advised that as the lessee, you should use due diligence, to ensure that the leased vehicle is titled and registered properly. 

 

The following entails areas that you should be mindful of when leasing or transferring a leased vehicle in Virginia:

 

 

 

The following are challenges that sometimes occur when you are leasing or transferring a leased vehicle in Virginia:

 

 

 

 

Wisdom & Authority Titling Solutions is committed to assisting you with any titling and registration concerns that you may have with your leased vehicle in Virginia.  If you are transferring your leased vehicle to Virginia; you owe it to yourself to be in the know and Wisdom & Authority Titling Solutions  will show you how.

 

 

 

 

 

 

 

 

 

 

Some weeks ago, I presented a three part series entitled, Intrastate Operating Authority in Virginia. However, this segment focuses on Interstate Operating Authority.  Interstate Operating Authority is a structure that shows the type of transport that can be conducted, jurisdictions that the authority can be operated in and the overall type of business that can be operated by the operator.  Interstate Operating Authority entails the crossing of state lines and is mandated by federal law and in essence is a part of the Federal Motor Carrier Safety Administration and DOT (Department of Transportation).  In obeserving Interstate Operating Authority, two areas will also will be addressed: A. Who is required to have Interstate Operating Authority? and B. What are Some of the Filing Requirements?

 

 

 

 

 

Please be advised that private carriers, and for-hire carriers with an exempt status, aren't required to have Interstate Operating Authority.

 

 

 

 

 

 

 

If you are new to the Operating Authority process, are stuck in the middle of the process or just need overall assistance; Wisdom & Authority Titling Solutions, is available to provide you with solutions for any concern that you may have regarding Interstate Operating Authority.