Internal Revenue Bulletin:  2014-47 

November 17, 2014 


Table of Contents

Rev. Proc. 2014–61Rev. Proc. 2014–61

This procedure sets forth the 2015 cost-of-living adjustments to certain items due to inflation as required under various provisions of the Code and Service guidance.

T.D. 9698T.D. 9698

The final regulations provide guidance on the mandatory filing of Form 2290, “Heavy Highway Vehicle Use Tax Return,” for 25 or more vehicles; credits or refunds of the highway use tax for sold, destroyed, or stolen vehicles; and the tax liability and computation of tax on the use of certain second-hand vehicles. The regulations affect owners and operators of highway motor vehicles with a taxable gross weight of 55,000 pounds or more. These regulations also remove the temporary regulations that provide guidance on the filing of Form 2290 and payment of the associated highway use tax for the taxable period beginning July 1, 2011.

More Internal Revenue Bulletins