Choose eFile for faster processing of your 2290 tax returns
The calendar is now
rolled to July, it’s that time of year when you need to start preparing your Heavy Vehicle Use Tax (HVUT)
return using IRS Tax Form 2290. This
is an annual tax reported on heavy motor trucks operated on public highways.
All truckers, truck owners, owner-operators, trucking companies who own and
operate heavy motor vehicles with a gross weight of 55,000 pounds or more,
estimated to drive 5,000 miles or more on public highways must file IRS Form
2290 and pay the annual federal excise tax in full.
The 2290 tax is due from July 1, to June 30, and you must have it paid by August 31st for existing fillers under your name. If you fleet size is 25 or more, that is going on the 2290 tax form you MUST file it electronically. For registration purposes the 2290 tax must be paid in the name of the owner of the truck or the registrant of the vehicle along with the Schedule -1 copy filled in the vehicle identification number. The IRS stamped(watermarked) Schedule -1 acts as a proof for payment and need to be produced to register or renew vehicle permits, tags and plates.
To report vehicles
for which you are paying 2290 truck
taxes and for those including suspension of the tax by category and you
would list the vehicle identification number (VIN) on Schedule-1. This is the
proof of payment that you can vouch to register your vehicle(s) in any state.
The copy of Schedule-1 is stamped (watermarked) and returned to you by the IRS
for this purpose. When you electrically
report this 2290 truck tax, Schedule 1 the “Proof of Payment” is inbox to
you in just minutes after IRS accepting your return. No more waiting for the
traditional mail for weeks.
Electronic filing is required for each return reporting and paying tax on 25 or more vehicles. Tax-suspended vehicles (designated by category W) aren’t included in the electronic filing requirement for 25 or more vehicles since you aren’t paying tax on them. However, all taxpayers are encouraged to file electronically. Electronic filing generally allows for quicker processing of your return. A stamped Schedule 1 can be available within minutes after filing and acceptance by the IRS.
When you're already a user of TruckDues.com and return for the new tax year to report this 2290 taxes, you have a good news. You can fast forward your filing by choosing to clone the return that you filed previously and just choose the Filing Period and First Used Month to complete it. You can edit and add more vehicle to it in fact saves you a lot of time. It won't more than 10 minutes for your to complete your 2290 return online.
Truckdues.com has made it affordable for every Trucker to choose between electronic filing and paper return, choose e-file to enjoy the benefits to the core. Electronic filing starts at $7.99 for a single vehicle and “The Best Price” in the market to e-file. Pay this nominal e-file service fee using your credit/debit card issued by VISA, Master, American Express or Discovery card provider.
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