This is a message for all truckers with recently purchased vehicles or vehicles first used on September. The last date to report your form 2290 truck taxes for the September used vehicles is October 31, 2022. Therefore, you must report your form 2290 truck taxes to the IRS and get the schedule 1 receipt for your vehicles first used on September on or within the end of October. If not, the IRS will charge penalties and late charges. Also, you cannot operate your heavy vehicle on the public highways without a proper schedule 1 receipt. So, report form 2290 to the IRS before the end of this month and continue your trucking operations smoothly.
What is the taxable category for form 2290 HVUT?
Your heavy vehicle should have a total gross weight of 55,000 pounds or more and be estimated to drive 5,000 miles (7500 miles for logging vehicles) on the public highways to be liable for HVUT form 2290 truck taxes. Therefore, you need to estimate the form 2290 taxes for your vehicle, pay it in advance to the IRS, and get the official schedule 1 receipt. You can use this schedule 1 receipt as proof of form 2290 payment for your vehicle and use it for legal purposes with the state and federal authorities for registration, insurance, license renewal, etc. You have to report form 2290 to the IRS and get the schedule 1 copy even if your vehicle doesn’t come under the taxable category. But you should report your vehicle as a tax suspended vehicle and do not have to pay the form 2290 tax amount.
What is pro-rated form 2290 truck taxes?
The general tax period starts around the beginning of July every year and lasts till the end of June the following year. So, the truckers should file their form 2290 to the IRS and get the schedule 1 copy within August 31 to continue their trucking operations without any hassle. But for the newly purchased or first used vehicles in any month other than July, IRS charges form 2290 truck taxes on a pro-rated basis. This partial-period or pro-rated form 2290 taxes are charged based on the vehicle’s first used month. It is calculated from the first used month to the end of the current tax period. Therefore, for the vehicles first used in September 2022, the form 2290 truck tax is calculated from September to June 2023, which is the end of the current tax period. And the last date to file the pro-rated form 2290 tax is October 31, 2022.
E-file form 2290 at TruckDues.com within the deadline!
TruckDues.com is an IRS-approved modern e-filing service provider for form 2290 HVUT and other 2290 services. We provide easy and accurate form 2290 e-filing online with the best technology and customer support. You can register for free at TruckDues.com and e-file form 2290 at the most pocket-friendly prices. Form 2290 e-filing starts at just $7.99 for single vehicle returns. So, e-file form 2290 pro-rated taxes and get the schedule 1 copy instantly to avoid penalties from the IRS.?You can also contact our customer support at 347 – 515 – 2290 for assistance and queries on e-filing form 2290 at TruckDues.com.