The IRS Truck Tax Form 2290 reporting Heavy Highway Vehicle Use Taxes (HVUT) must be filed annually for each taxable vehicle that is used on public highways during the current tax period begins on July 1 and ends by June 30. A Form 2290 must also be filed once a vehicle is placed in service. The due date for each month is the last day of the following month.
August 31st – 2290 Due Date
The 2290 Form is due annually between July 1 and August 31, however it has to be reported by August 31. Both the tax return and the Heavy Highway Vehicle Use Tax must be paid by the deadline in order to avoid penalties and interest. This 2290 tax must also be paid anytime a new vehicle is added to your fleet for the remainder of that tax year. In this case the tax is due by the end of the month following the date the vehicle is first put to use on the public highways.
2290 Tax – Heavy Vehicle Use Tax Return
The Internal Revenue Service is reminding owners of heavy highway vehicles that in most cases, their next federal highway use tax return is due on August 31. 2290 tax returns must be filed and tax payments made by August 31 for vehicles first used on the road during July. For vehicles first used after July, the deadline is the last day of the month following the month of first use.
Though some taxpayers have the option of filing 2290 tax on paper, the IRS encourages all taxpayers to take advantage of the speed and convenience of filing this 2290 tax electronically and paying any tax due electronically. Taxpayers reporting 25 or more vehicles must e-file. TruckDues.com is listed as IRS-approved software provider can be found on the IRS website too offering 2290 tax reporting at just $7.99 for a single vehicle.
The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more. This generally includes trucks, truck tractors and buses. The tax of up to $550 per vehicle is based on weight.
E-file 2290 Tax – Mandate
You must e-file your 2290 tax if you are filing for 25 or more vehicles, but IRS encourages e-filing for anyone required to file and pay 2290 tax. Choose electronic filing to receive quick delivery of your IRS watermarked (Stamped) Schedule 1 receipt. With 2290 tax e-file, you’ll get it almost immediately after IRS accepts.