The IRS recommends that all truck owners submit Form 2290 online to acquire a Schedule 1 copy. Let’s go over the fundamental guidelines for submitting the truck 2290 form and obtaining the Schedule 1 proof. Filing Form 2290 is mandatory for every trucker to operate their vehicle on public highways. Simply take a look at Truck2290 for simple steps and instructions for filing form 2290.
Every truck owner who operates taxable vehicles on public roads needs to get proof of HVUT payment. Vehicles that weigh 55,000 pounds or more and travel 5000 miles or more (7500 miles or more for agricultural vehicles) in a tax year are considered taxable. Truckers with non-taxable vehicles can be exempt from completing IRS form 2290. Under any circumstances, if truckers fail to file form 2290, the IRS levies a Hvut penalty on late filers.
The IRS’s interest and penalties are typically greater than the actual tax rate.
Note: The IRS imposes penalties of 4.5 percent of the total tax due, 0.5 percent of the total tax due, and 0.54 percent per month in additional interest charges.
Table of Contents
Required Information to File Form 2290
According to the IRS, truckers must have the following details to file form 2290.
- Business Name & Address
- Employer Identification Number (EIN)
- Vehicle Identification Number (VIN)
- Taxable Gross Weight of Vehicle
- Number of total Taxable Vehicles
- Number of total Suspended Vehicles ( If any)
When to File Form 2290?
Truckers must Follow IRS Instructions For Filing Form 2290 and submit their truck Form 2290 before the deadline or on time, as per IRS guidelines. The IRS typically permits annual filings throughout the filing period from July 1 to August 31. The IRS tax year begins on July 1 and ends on June 30. So, truckers need to file form 2290 on time.
Anyone who purchases a heavy vehicle other than July must file the HVUT tax return on the last day of the following month of the First Used Month (FUM).
Exemptions for the Heavy Truckers
The IRS provides exemptions for heavy truckers in the following scenarios: If the vehicles are organized by
- The Federal Government.
- The District of Columbia.
- A state or local government.
- The American National Red Cross
- A non-profit volunteer fire department, ambulance association, or rescue squad.
- An Indian tribal government, but only if the vehicle’s use involves the exercise of an essential tribal government function.
- A mass transportation authority is created under a statute that gives it certain powers normally exercised by the state.
And also exempt from the HVUT in the following aspects:
- Vehicles are used by qualified blood collection organizations engaged in the collection of blood.
- Mobile machinery that complies with the criteria for a chassis as outlined under Specially designed vehicles for non-transportation functions.
E-File Form 2290 Online for 2023-24 Tax Year
Filing form 2290 online is known as E-file. An e-file is nothing but an electronic filing. The e-file is an easy way to get IRS Schedule 1 proof immediately. It reduces additional filing time, such as that required for paper filing. By e-filing, you can get your instant IRS Schedule 1 proof. To file the truck 2290 form online, there are various IRS e-file services available, such as Truck2290.
When you file through the online system, you will receive notifications reminding you to submit your HVUT tax return by the deadline to pay upcoming tax liabilities. You may resubmit your form 2290 as many times as necessary in order to submit previously filed, rejected files. The E-file procedure also enables automatic error corrections and VIN corrections. After the successful filing of form 2290 online, you will receive the “Schedule 1 proof” in minutes.
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