February 29th is the due date to file IRS Form 2290 HVUT for vehicles first used in January. Any heavy vehicle that was bought into service in January 2016 is due for Form 2290 by February 29th .The tax amount will be prorated for the months remaining in the tax year 2015 – 2016.
IRS Form 2290 – Brief Explanation
This form is used to figure and pay the tax due on a highway motor vehicle that 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 tax period and the vehicle has a taxable gross weight of 55,000 pounds or more.
HVUT Form 2290 E-filing requirements
To e-file you need your business details – business name (sole proprietor can use their legal name) and address, Employer Identification Number (EIN), details of the authorized signatory. Please note: you must have an EIN to E-file Form 2290 & it should be at least 15 days old.
You need details of your vehicle – Vehicle Identification Number (VIN) and Gross Weight of the vehicle.
If you choose to pay the IRS by direct debit, have the routing number and the account number ready.
Once you transmit your 2290 to the IRS, you will receive your Stamped Schedule 1 within minutes. Stamped Schedule 1 is your receipt and proof of payments for Form 2290.