Let’s say bye to July and lets welcome August, By the way we’re going to welcome the deadline to renew our Form 2290 (The Heavy Highway vehicle Used Taxes) for the period beginning July 1, 2017 through June 30, 2018. Yeah it’s hard to accept this fact however it is the unacceptable truth. Form 2290 is generally due by June and its payable until the end of August. Hence, you need to renew the expired Form 2290 that was filed for the Period beginning July 1, 2016 through June 30, 2017.
HVUT Form 2290 is paid annually to the Internal Revenue Service on heavy vehicles which possess a minimum gross weight of 55000 lbs and the vehicle is been used on public highway for its desired operation. The Form 2290 tax due is determined by the number of miles attained by a vehicle during its operation within a respective tax year (July through June).
When your vehicle exceeds or if it’ll exceed 5000 miles during a 2290 tax period, the vehicle is liable to be reported on a Form 2290 as a Taxable vehicle and thus the taxes must be paid in full. However, Form 2290 Tax is pro-rated on circumstances when the vehicle is newly purchased. On the other hand, your vehicle is completely exempt from paying taxes when it’s been used under the desired mileage (5000 miles in case of commercial vehicles and 7500 miles in case of vehicles which are solely used for Agricultural Purposes)
Now that you’d be able to figure out if your vehicle is either a taxable vehicle or Exempt vehicle, you must also be aware of the fact that late tax filing can lead you to face penalties and interests from the Internal Revenue Service. The IRS makes no exceptions to wave off the late filing penalties unless your reasons seems to satisfy one of their ground cause reasons projected as per their regulation. So think twice before you procrastinate on your Form 2290 deadline.
E-filing has turned out to be really easy, even a first time user can E-file their form 2290 through www.truckdues.com like a Pro. It wouldn’t waste your valuable time as the general time spent on e-filing your Form 2290 though our website is mere few minutes. Also, we don’t charge you more on the e-filing fee, as E-filing begins here as low as $7.99 which has been rated to be a cost effective unique pricing structure by many individual owner operator truckers and trucking companies across the nation.
So, why holding up until the last moment near the deadline when you’ve got E-filing & www.truckdues.com as an option. E-file your Form 2290’s today through www.truckdues.com and receive the IRS digital watermarked copy of Schedule 1 in few minutes back in your registered e-mail address.
Please feel free to reach our support team @ (347) 515 2290 [9. AM through 5 PM, Central Standard Time including weekends till the end of August or write us: support@truckdues.com or ping us using the Live chat option embedded with our Application.