TAX FILE: HVUT hike hits home
The Internal Revenue Service has sent truck owners a revised Form 2290, used to report payments due for the Heavy Vehicle Use Tax (HVUT). As the form's cover explains, last year's tax law eliminated the option to pay the HVUT in installments and also ended the reduced rate applicable to Canadian and Mexican vehicles. Thus, the full payment for July 2005 through June 2006, $550 for vehicles with a