IRS Form 2290
IRS Form 2290 is the form used to file the Heavy Vehicle Use Tax or HVUT is an annual fee assessed on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. IRS Form 2290 is filed annually to pay the HVUT due on the taxable vehicle and proof of payment is the Stamped Schedule 1.
Who Must File Form 2290? You must file Form 2290 for the tax period beginning on July 1st and ending on June 30th of the following year, if a taxable highway motor vehicle is registered, or required to be registered, in your name under state, District of Columbia, Canadian, or Mexican law at the time of its first use during the period and the vehicle has a taxable gross weight of 55,000 pounds or more.
The gross taxable weight of a vehicle is determined by adding the unloaded weight of the motor vehicle and any trailers together with the maximum load customarily carried on-road by the truck-trailer combination.
When To File: Heavy Vehicle Use Taxes must be filed using the Form 2290 on an annual basis. The Tax period for Heavy Vehicles begins on July 1st and ends on June 30th of the following year. The annual renewal of your Form 2290 for a new tax period IS DUE BY August 31st each year.
For new vehicles placed in service, the IRS Form 2290 must be filed by the last day of the month following the month of first use. For example, if you place a vehicle on a public highway in October, you must file a Form 2290 by the end of November.
What You Need To File: Business Name (Sole proprietor can use their legal name) and address EIN (Employer Identification Number) (VIN) Vehicle Identification Number Gross Weight of Vehicle Form of IRS payment o Electronic Funds Withdrawl (EFW) using your bank routing number and bank account number o Electronic Federal Tax Payment System (EFTPS) by visiting EFTPS.gov o Check or money order
How To File: Electronically. File Form 2290 electronically through any electronic return originator (ERO), transmitter, and/or intermediate service provider (ISP) participating in the IRS E-File program for excise taxes, such as ExpressTruckTax.com. E-Filing is required by the IRS, if you are reporting 25 or more trucks on a return. You can E-File and receive your Stamped Schedule 1 back within minutes. No more waiting to get it back in the mail or standing in line at the IRS office!
For more information on E-File, visit the IRS website at Trucking Tax Center. Paper. Mail Form 2290 to the address shown under Where To File. If you did not pay the tax using the Electronic Funds Transfer or Electronic Federal Tax Payment System (EFTPS), mail Form 2290-V and your check or money order with Form 2290.