Are you a taxable truck owner? if yes, you’re at the right place to know about IRS Form 2290. To operate a truck on public highways in the United States, truckers must file form 2290. The IRS advises operators of taxable vehicles, such as businesses, trucking industries, truck owners, sole operators, etc., to file Form 2290 for heavy vehicles that weigh 55,000 pounds or more and travel more than 5,000 miles (agriculture vehicles, 7,500).
Table of contents
- What is the Filing Process for Form 2290?
- What is the IRS E-file Provider?
- What is HVUT and How Much Will it Be?
- How to Pay the IRS HVUT Tax Payments?
- What is IRS Schedule 1 Proof?
- When to File the IRS 2290 Form?
What is the Filing Process for Form 2290?
If you want to file your 2290 road tax return, you must have the basic information. Before that, you need to create an e-file account with your email id and password at the IRS-authorised e-file provider like Truck2290. After the registration process, truckers have to file the 2290 tax return by gathering the following information.
- Name and Address of your business.
- Employer Identification Number (EIN)
- Vehicle Identification Number (VIN).
- Taxable Gross Weight of Vehicle.
- First Used Month of Vehicle (FUM).
What is the IRS E-file Provider?
An e-file provider is a service provider certified by the IRS. It is beneficial to submit all tax returns electronically in a safe and secure way in the United States.
Truck2290 is an IRS-authorized e-file provider with safe, secure, and easy filing steps in the United States. We provide a safe and secure service to file the 2290 form paying the heavy vehicle use tax to the IRS.
What is HVUT and How Much Will it Be?
A heavy vehicle use tax is imposed on vehicles operating on public highways with a gross weight of 55,000 pounds or more. The heavy vehicle use tax (HVUT) is calculated by the total gross weight of the vehicle and the first used month (FUM) of the vehicle.
Below we mention the tax rates according to the IRS:
|Taxable Gross Weight||HVUT Rates|
|Below 55,000 lbs||No Tax|
|55,000 – 75,000 lbs||$100 plus $22 per 1,000 pounds over 55,000 lbs|
|Over 75,000 lbs||$550|
Note: Paying inaccurate HVUT payments leads to filing a cancellation.
How to Pay the IRS HVUT Tax Payments?
There are several IRS payment options to pay heavy vehicle use tax (HVUT) through the IRS e-file providers.
- Electronic Funds Withdrawal (EFW)
- The Electronic Federal Tax Payment System (EFTPS)
- Money Order or Check
- Credit or debit card
On successful payment of IRS road tax, truckers will receive Schedule 1 proof of tax payment.
What is IRS Schedule 1 Proof?
The IRS provides a Schedule 1 copy after the payment of HVUT and Federal tax. It acts like proof of Highway tax payment. Truckers who have filed electronically will receive the instant schedule 1 proof digitally with the IRS watermark logo.
Schedule 1 helps truckers register their vehicle at the Department of Motor Vehicles (DMV) and drive the vehicle on public roads in the United States.
When to File the IRS 2290 Form?
The IRS recommends heavy vehicle owners submit the 2290 tax form by the 2290 deadline or on time. For individuals who submit annual returns, the tax season begins on July 1 and ends on August 31 every year. And the tax period starts from July 01 to June 30 of the following year. Therefore, never be late filing your HVUT tax return.
Partial filers, meaning those who acquired vehicles in months other than July, truckers must file form 2290 by the last day of the month following the first use.
For example, Mr. Jerome purchased a vehicle in September and used it on public roads in the same month. Then he needs to file form 2290 online on the last day of October.
In conclusion, we’re offering a better service for truckers’ convenience. For more information and assistance you can visit us at Truck2290 to file your tax returns at a reasonable price with a reliable platform.