IRS Form 2290(HVUT) - Overview
HVUT is the Heavy Vehicle Use Tax that is a fee assessed annually on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. 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 trucktrailer combination.
Form 2290 Due Date Form 2290 due date is on July 1, 2014, and ending on June 30, 2015, if a taxable highway motor vehicle (defined below) 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. What is required to file form 2290? Those reporting 25 or more vehicles for any taxable period are required to E-File Form 2290 truck tax through an IRS-approved software provider; however everyone is encouraged to EFile. Electronic filing saves you time and postage, and helps to reduce preparation and processing errors. Taxable Vehicles Taxable vehicles are vehicles that carry a gross weight of 55000 pounds or more. A highway motor vehicle includes any vehicle designed to carry a load over public highways. Examples of vehicles that are designed to carry a load over public highways include trucks, truck tractors, and buses. Form 2290 Suspended Vehicle? Mileage use limit means the use of a vehicle on public highways 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is used during a period, regardless of the number of owners. Prior year suspended Vehicle If you reported any vehicles as Tax Suspended or category W during the previous tax period, you must report these vehicles to the IRS if either of the following occurred: ďƒ˜ The vehicle exceeded the 5,000 mile threshold (7,500 miles for agricultural vehicles)
The vehicle was Sold Form 2290 IRS Payment options
Direct Debit or Electronic Funds Withdrawal (EFW): EFTPS (Electronic Federal Tax Payment System): Check or Money Order