Hey there Truckers, it’s that time of a new year again as 2022! Hope you would have had a blasting new year and a great start for your new business plans as well. As we are aware Heavy vehicle owners need to file HVUT Form 2290 to keep their trucks legal.
We are from Truckdues.com and here are our top Form 2290 filing tips for your reference:
1. Form 2290 Deadline:
The normal tax period for heavy vehicles is July 1 of the current year to June 30 of the following year. If you put a new vehicle on the road during the current tax year in any of the months in between, then your Form 2290 due date would be the last day of the month following your first used month. Thus, Form 2290 is due by JANUARY 31, 2022 for vehicles first used in December 2021.
For vehicles following the regular tax period, the Form 2290 due date is August 31, 2021. As mentioned, this would also be the due date for vehicles with a July first used month.
2. Keep up with Information Ready for filing 2290:
- Business Details: When filing Form 2290, you’ll need to provide some basic information, like your business’s name, address, and EIN (Employer Identification Number).
- EIN: This Employer Identification Number (EIN) lets the IRS know who you are, and is mandatory on Form 2290. If you don’t have your EIN yet, you will need to apply for one. It might take 15 business days for the IRS to update their system from the date created.
- VIN: You’ll also need to provide your Vehicle Identification Number (VIN). This ID number is unique to your truck and can often be found on the lower left corner of your dashboard.
- First Used Month: Be very sure about your vehicle’s First Use Month when you file Form 2290. Your first used month is the first month you drove your vehicle on the road for the current tax period. This determines your Form 2290 deadline specifically.
- Taxable Gross Weight: Pay tax for heavy vehicles with a taxable gross weight of 55,000 pounds or more, which will be used during the period. It is the total unloaded weight of the vehicle. Unloaded weight refers to empty weight of the truck, truck tractor or bus, fully equipped for service. Fully equipped for service includes the body, all accessories and equipment attached to the truck.
3. Filing Your Form 2290:
You can file form 2290 in two ways:
- E-Filing: File electronically to IRS using online filing application and receive stamped schedule I copy in minutes. The IRS requires e-filing if you’re filing for 25 or more vehicles. IRS recommends also e filing for filing a return as it is simple, easy, and secure.
- Paper File: Manually mail the return to the IRS office. You are likely to receive your schedule1 copy in 15-45 days.
Why with Truckdues.com:
E-filing service providers are many; however, to zero down to one, the following are the attributes to bear in mind:
- IRS certification logo embedded in their website
- Safe and secure
- User-friendly application
- Features that can put filing to ease
- 24/7 customer support
Working with an e-file provider is always a great way to fill out your forms easily and avoid mistakes. With trukdues.com, you can e-file Form 2290 in 4 quick steps:
- Enter Your Business Information
- Enter Your Vehicle Details
- Select Your Preferred Payment Method
- Review Your Form and Transmit (Submit)
We are the first e-filing service provider to be authorized by the IRS. Our benefits include Tax Calculator, Full-Service Option, Tax Practitioner Benefits (CPAs), Cost-effective Price, TEXT Alert, Maintaining all data for accounting year, Figuring out the exact tax return that you have to pay to the IRS.
Follow these steps and you’ll have a hassle-free filing of your Form 2290.
For any further assistance please call us at 347-515-2290 or simply drop an email to support@truckdues.com. You can also chat with a live representative for step by step walkthrough.
Stay Safe and Happy Trucking!