That time of the year and time to renew Federal Vehicle Use Tax Form 2290. The new tax period July 2018 – June 2019 just got kick started, all 2290s falls due irrespective of your vehicle use month. File Form 2290 for any taxable vehicles first used on a public highway after July 2018 by the last day of the month following the month of first use.
You must have an established employer identification number to file Form 2290. Apply online now if you don’t already have an EIN; it takes us about two weeks to establish new EINs. EIN is must to get 2290 returns filed with the IRS.
Generally, the truck dues are paid annual. The taxable period for form 2290 begins on July 1 of the current year and ends on June 30 of the following year. For vehicles first used on a public highway during the month of July, file Form 2290 and pay the appropriate tax between July 1 and August. 31. Taxes are estimated for the full tax period and paid in advance, in full. However If you place any additional taxable truck registered in your name on the road during any month other than July, you are liable for the Heavy Highway Vehicle Use Tax (Form 2290), prorated for the months during which it was in service. You must file Form 2290 for these trucks by the last day of the month following the month the vehicle was first used on public highways. Use the table below to determine your filing deadline.
These due date rules apply whether you are paying the tax or reporting the suspension of tax. It is important to file and pay all your Form 2290 taxes on time to avoid paying interest and penalties.
Example 1. John uses a taxable vehicle on a public highway by driving it home from the dealership on July 1, 2018, after purchasing it. John must file Form 2290 by August 31, 2018, for the period beginning July 1, 2018, through June 30, 2019.
Example 2. John purchases a new taxable vehicle on November 3, 2018. The vehicle is required to be registered in his name. The vehicle is first used on the public highway by driving it home from the dealership after purchasing it in November. John must file another Form 2290 reporting the new vehicle by December 31, 2018, for the period beginning November 1, 2018, through June 30, 2019.
Getting start with your 2290 electronic filing is as easy as 1-2-3! No need to have complete knowledge of the tax, just understand what is what and answer interview simple question in our website to complete it in a jiffy.
Feel free to connect with us, we’re working from 9:00 AM to 6:00 PM CST on all business working days. You could also have a live chat with our agents and talk to them over phone. We’re available at (347) 515 – 2290 or support@truckdues.com.