The Heavy Vehicle Use Tax, commonly known as Form 2290 road tax, is due for all the heavy motor vehicles that operate on the public highways of the United States of America. It is also called as Highway Use Tax. Truckers have to file and report the form 2290 tax returns on every tax period in advance directly to the IRS. But, HVUT is not for all heavy motor vehicles. Your vehicle is eligible for tax form 2290 if its total gross weight exceeds 55,000 pounds.
The total gross weight is calculated based on the sum of the unloaded weight of the truck along with any trailer or carrier and the maximum weight of the estimated load to be carried by a truck on the highways. The estimated weight should be more than 55,000 pounds to file the form 2290 road tax. Usually, vans, buses, pickup trucks, panel trucks carry heavy loads on the public highways, but they don’t have a total gross weight of over 55,000 lbs. So, they are not subjected to highway use tax form 2290.
Heavy Highway Vehicle Use Tax
Anyone registering a new heavy vehicle in their name with an estimated total gross weight over 55,000 pounds must file the Highway Heavy Vehicle Use Tax of Form 2290 with the IRS. The HVUT is due every year and falls on July 1st, and the validity extends to June 30th of the following year. Therefore, you have time till August 31st to file form 2290 and get the proof of payment from the IRS.
For the vehicles purchased or registered after July, the form 2290 tax amount is calculated from the first month of its use until the next June 30th. Therefore, for this case, you will have time till the end of the next month of your first used month to report and file HVUT 2290 returns successfully.
Why should you file this HVUT 2290?
The Highway Heavy Vehicle Use Tax is a significant source of transportation funding in the US. The HVUT generated more than $886 million in Federal Highway Trust Fund (HTF) revenue in 2010 alone. And the Internal Revenue Service is responsible for regulating and collecting the HVUT taxes. It is paid through form 2290 directly to the IRS.
After reporting and paying the HVUT 2290, the IRS will accept and process your file and issue IRS stamped Schedule 1 copy as the proof of payment of your form 2290. You can use your schedule 1 copy for all legal purposes.
Vehicle Registration
Generally, the state will require the report on form 2290 tax returns before you register any taxable vehicle. In that case, you can use your schedule 1 copy proof of your form 2290 payment.
Your form 2290 tax due is not connected with your vehicle registration. You should renew your 2290 road tax every year based on the first month of its use on the public highways during every tax period without fail.
Renewing License Plate for Heavy Trucks
You should produce your Schedule 1 copy to the state when you renew your truck’s license plate and vehicle tags.
Insurance Tags and Permits
Usually, form 2290 and the schedule 1 copy recognize your vehicle by its Vehicle Identification Number or VIN. So, you should produce your schedule 1 copy for renewing your truck’s insurance tags and other permits with the concerned departments and authorities.
Electronic Filing for Form 2290 HVUT
IRS made it compulsory to e-file form 2290 for the truckers with 25 or more vehicles in their fleet. Although, IRS encourages every form 2290 taxpayers to e-file their 2290 tax payment even for a single vehicle as it is the fastest way for the IRS to process the 2290 tax returns. IRS will also issue the schedule 1 copy after successful processing with a few minutes.
- Form 2290 e-filing is an easy and quick process. Everything is an automatic and step-by-step process.
- It is a highly safe and secure process where all the information and transactions are thoroughly encrypted with superior technology.
- E-filing form 2290 saves you time and money. You can efile form 2290 at much affordable rates, which starts from $7.99 for single-vehicle returns.
- You will get the IRS digitally watermarked schedule 1 copy with a few minutes once the IRS approves your 2290 tax returns.
- You e-file form 2290 from the comfort of your home or office with your personal computer, tablets, and smartphone. Since you are doing everything online, the e-filing service is available 24/7.
- You can easily manage and keep records of your files through your account in Truckdues.com. You can even access your schedule 1 copy and print it as many times you want.
- On the whole, e-filing form 2290 makes you save big and have a stress-free tax filing business.
FAQs
Schedule 1 is an attachment form that comes with the form 2290 HVUT. IRS will issue you the stamped schedule 1 copy as proof of your 2290 tax payment after processing and approving your form 2290.
You will get the official IRS digitally stamped/watermarked Schedule 1 copy straight to your email within a few minutes of your tax 2290 approval. You can also access it from your TruckDues account, download it, and print it conveniently.
Yes, you should file form 2290 with the IRS and get the approved schedule 1 copy as proof of payment. Form 2290 tax returns are essential for the registration of new vehicles.
Yes, you can schedule 1 copy is the official proof issued by the IRS for the successful filing and payment of your 2290 heavy use tax. You can use it for all legal, registration, and renewal purposes for your vehicle, including license registrations, insurance, vehicle tags, etc.
You can e-file form 2290 through a modernized e-filing service provider approved by the IRS. Truckdues.com is a leading, affordable, and authorized e-filing service provider of form 2290 HVUT online. We are the first e-filing service provider approved by the IRS.
Truckdues.com is a user-friendly, safest, and fastest service to e-file 2290 taxes with the IRS. The Truckdues 2290 User Guide walks you through the process, step by step, to guide you in completing your 2290 tax return. You may also connect with our LIVE Chat agent or call our support desk for more support.
