Dear truckers! This message reminds you that the end of this month is the last date to report Form 2290 HVUT truck taxes for the heavy vehicles and trucks first used on October 2023. E-file pro-rated Form 2290 tax reports to stay ahead of the deadline and also to avoid IRS actions like penalties, late fees, and tax interests. E-file Form 2290 pro-rated taxes today on TruckDues.com and get the instant Schedule 1 receipt directly to your registered email address.

Know the difference between taxable and tax-suspended heavy vehicles.

IRS charges Highway Heavy Vehicle Use Tax for all taxable heavy vehicles using Form 2290. Heavy vehicles with a total gross weight of over 55,000 pounds and estimated to travel more than 5,000 miles (7500 miles for agricultural vehicles) are taxable heavy vehicles. So, truckers with taxable heavy vehicles must report Form 2290 and pay the tax dues within the deadline. Similarly, truckers with heavy vehicles that don’t belong in the taxable category should also report Form 2290 for their vehicles but as tax-suspended vehicles. There is no need to pay taxes for tax-suspended vehicles.

Understand the Calculation of Pro-rated Taxes.

Generally, a tax season begins in July yearly and ends next June. Truckers and trucking taxpayers must estimate the truck tax reports for the entire tax year in advance and report them to the IRS by the end of August. For truckers with newly purchased or first used vehicles away from the beginning of the tax period, the IRS charges Form 2290 tax reports on a pro-rated basis. As per IRS regulations, truckers can pay the taxes only for the months they use their heavy vehicles on public highways. Pro-rated taxes work based on the vehicle’s first used month. It has to be estimated from the vehicle’s first used month till the end of the ongoing tax period. In this case, you should calculate your pro-rated Form 2290 tax reports from October 2023 to June 2024. The last date to report pro-rated tax reports is November 30, 2023.

Prefer E-file Form 2290 on TruckDues.com! 

E-filing Form 2290 HVUT returns is the preferred method for all truckers, even the IRS, to report truck taxes. Unlike the conventional paper filing method, e-filing Form 2290 offers accurate tax report preparation, quicker processing from the IRS, and immediate IRS digitally watermarked Schedule 1 receipt. Our platform simplifies every process for truckers to report Form 2290 to the IRS and get the Schedule 1 receipt instantly. Form 2290 e-filing charges start at just $7.99 on our platform. For more queries, contact our customer support team at (347) – 515 – 2290 or write to us at support@truckdues.com.