HEAVY VEHICLE USE TAX IRS FORM 2290
What is the HVUT Form 2290? Form 2290, Heavy Vehicle Use Tax, is for remitting payment to the IRS for driving a vehicle over 55,000 pounds. This form is due either within one month of when the truck was first put on the road, or from July 1st to August 31st in subsequent years. Who must file HVUT Form 2290? All heavy vehicles, those over 55,000 pounds, must file annually the Form 2290. Even if a truck did not go over 5,000 miles for the year, or 7,500 miles if it is a logging or farming truck, a 2290 must still be filed. A 2290 must also be filed for any trucks first used any time during the year, within a month of when the truck was put into use. When is form 2290 due for 2014? The IRS Form 2290 for Heavy Vehicle Use Taxes (HVUT) must be filed annually for each taxable vehicle that is used on public highways during the current tax period. The current tax period for heavy vehicles begins on July 1st, 2014 and ends on June 30th, 2015. A Form 2290 must also be filed once a vehicle is placed in service. The due date for each month is the last day of the following month. For example: if a vehicle is placed in service on November 3rd, the Form 2290 due date on December 31st. How to fill out HVUT Form 2290? You will need your business’ details - Business Name (Sole proprietors can use their legal name) and address, EIN (Employer Identification Number), and details of the authorized signatory. Please note: you must have the EIN to file Form 2290. You need the details of your vehicle: Vehicle Identification Number (VIN) and Gross Weight of the vehicle. What is the federal heavy vehicle use tax? The Federal HVUT is assessed on heavy highway, logging, and farming vehicles to help repair the roads they travel on. It is an annual payment ranging from $100 to $550 or $75 to $412.50 for logging and farming vehicles.