Hello, truckers! Please don’t delay if you must report your Form 2290 tax returns to the IRS for the new tax season, 2023 – 2024. Please register for free or log in to your TruckDues.com account, prepare your 2290 tax reports, transmit them to the IRS and get the IRS digitally watermarked Schedule 1 receipt directly to your email. The deadline to report Form 2290 HVUT for this tax season is August 31, 2023, which is hardly 20 days left. So, don’t miss the deadline to report your truck taxes and get the Schedule 1 receipt to operate your trucks on public highways smoothly.
Report your taxes for Taxable and Tax-suspended Vehicles within the deadline.
Truckers with taxable and non-taxable heavy vehicles must report Form 2290 truck tax returns and get the appropriate Schedule 1 receipt. Taxable heavy vehicles must have a total gross weight of 55,000 pounds or more and be estimated to run over 5,000 miles (7500 miles) on public highways. Form 2290 tax dues are calculated based on the vehicle’s total gross weight. Taxable heavy vehicles are categorized based on their total gross weight in Form 2290. Therefore, truckers must identify their truck’s weight category and file the taxes accordingly. If the total gross weight changes after reporting/paying Form 2290 taxes, truckers can file for Form 2290 Amendments and get the revised Schedule 1 receipt. Other heavy highway vehicles that don’t belong in the taxable heavy vehicle category are considered tax-suspended vehicles. Truckers with suspended vehicles must report Form 2290 under category ‘W’ and need not pay any tax dues.
E-file Form 2290 on time to avoid penalties!
Failing to report Form 2290 leads to a lot of consequences. IRS charges hefty penalties for late filing, which leads to up to 4.5% of the tax dues owed. This late filing penalty can pile up to five months from the due date. The IRS also charges a late payment penalty of 0.5% of the tax due amount. This penalty also adds up to five months. Apart from these penalties, IRS charges interest on your unpaid tax amount. The penalties and interest can go more than your actual tax amount. So, it is advisable not to miss the deadline to report and pay your taxes to the IRS. Missing out the deadline to report/pay Form 2290 HVUT makes you look like you are not in compliance with the law. You will not get your IRS Schedule 1 receipt leading to additional consequences. You cannot operate your trucks on public highways without a valid Schedule 1 receipt. It will lead to the suspension of your truck’s registration until your tax dues are paid and everything is sorted out with the IRS and the federal government. You will not be able to register your new trucks, renew the license of your existing trucks, or renew insurance and other official works involving your truck.
E-file Form 2290 on TruckDues.com now!
TruckDues.com is an IRS-approved Form 2290 modernized e-file service platform where truckers and trucking taxpayers can easily e-file Form 2290. We provide complete solutions to e-file Form 2290 HVUT returns directly to the IRS, where you can e-file from the comfort of your home/office using your PCs, smartphones, laptops, and tablet devices. We have mobile applications for Android and iPhone users to conveniently e-file Form 2290 truck taxes using smartphones. Form 2290 e-filing starts at just $7.99 for a single vehicle 2290 return. For more queries, contact our customer support team at (347) 515 – 2290 (toll-free) from 8 AM to 6 PM on all working days. Also, you can write your queries to us at support@truckdues.com.