The calendar is now rolled to July, it’s that time of year when you need to start preparing your Heavy Vehicle Use Tax (HVUT) return using IRS Tax Form 2290. This is an annual tax reported on heavy motor trucks operated on public highways. All truckers, truck owners, owner-operators, trucking companies who own and operate heavy motor vehicles with a gross weight of 55,000 pounds or more, estimated to drive 5,000 miles or more on public highways must file IRS Form 2290 and pay the annual federal excise tax in full.
Renew 2290 tax return
IRS reminds all the truckers to renew 2290 tax form and Schedule -1 proof for the tax year 2017 – 2018, starting this July. Anyone who registers a heavy highway motor vehicle in their name with a taxable gross weight of 55,000 pounds or more must file Form 2290, Heavy Highway Vehicle Use Tax Return.
e-File 2290 tax return
Whether you’re a private, for-hire, or specialized carrier, you can electronically prepare and report Federal Form 2290 tax requirements at TruckDues.com. While reporting 2290 tax, you could adjust the sold or traded vehicle credits and low mileage credits on vehicles from previous tax years. For a vehicle destroyed, stolen or sold before June 1, a credit for tax paid can be claimed on the next Form 2290 or a refund of the tax paid can be claimed on form 8849 schedule -6.
The IRS will no longer mail you a printed Form 2290, Heavy Highway Vehicle Tax Return as an indication of your due date. Although alternative resources are available to obtain a tax form, you may want to consider filing your Form 2290 electronically. The electronic version of Form 2290 will improve excise tax processing, save personal resources (for example, time and postage) and reduce preparation and processing errors. Your Schedule 1 is available for printing immediately after your return is accepted by IRS. E-filing is the fast, secure, easy and accurate way to file returns and pay any tax due. You can e-file 2290 forms directly with the IRS through http://TruckDues.com. Form 2290 must be filed by the due date and taxes should be paid in full.
2290 tax electronic filing starts at just $7.99, no more looking back. E-file is as easy as 1-2-3!