Form 2290 or heavy highway use tax is a federal tax imposed by the IRS on trucks that operate on public highways. Any vehicle that weighs 50,000 pounds or more and runs for 5000 miles or more are subjected to this tax.
IRS form 2290 is also known as Truck Tax, Heavy Vehicle Use Tax (HVUT) and Highway Vehicle Tax.
When must you file IRS form 2290?
If you’ve used your vehicle for the first time in the current month, then IRS HVUT must be filed within the last day of the following month. For instance, you’ve used your vehicle for the first time in April during the tax year 2018-19, then 31st May 2019 is the last day to file your IRS form 2290 for 2019-19.
1st July of the current year to 31st August of the succeeding year is considered as the tax period. 31st August 2019 is the last day to submit HVUT for the financial year 2018-19. If the HVUT is not paid by this date, then the penalty is imposed by the IRS.
If you fail to pay taxes on time or fail to file your returns, then the IRS imposes penalties. There are additional penalties along with an interest charge on late payments. You’re also subjected for penalties for filing false returns.
But if there is a valid reason for late payment of your tax or failing to file your returns, the IRS may consider it and you can be exempted from penalties. But if you file your returns after the due date (including extensions), you need to attach a valid explanation along with your returns.
What do I need to file IRS HVUT?
You can easily file your IRS form 2290 with eForm2290. You need the following to file your IRS HVUT:
- The VIN (Vehicle Information Number) and EIN (Employer Identification Number)
- The gross weight of the vehicle
- Name and address of the business
How to file form 2290?
When you file with eForm2290, an IRS-authorized e-file service provider, you can do it easily in just 4 steps:
- Choose your ‘Business’
- Select the ‘Tax Period’ and ‘First Used Month’ of your vehicle
- Enter your vehicle information
- Click on the IRS payment / EFTPS
We have a simplified process to help you pay truck tax amount to the IRS and our website is mobile-friendly so that you can file IRS HVUT from anywhere.
We, at eForm2290, strive hard to help our truckers to file their IRS HVUT so that they don’t incur IRS penalties. We also have zero hidden charges and you pay what you see. Along with free VIN correction, eForm2290 also sends you free text, fax and email alerts.
If you face any issues while filing your IRS form 2290, you can reach out to our experienced customer service executives who can resolve your issues. You can also email us your queries at email@example.com.