Hey there, fellow truckers! You should file partial period tax or pro-rated highway heavy vehicle use tax for your heavy vehicles purchased or first used on February within March 31st, 2022, to operate your trucks on the public highways. IRS charges the HVUT through form 2290 for all the truckers with taxable heavy vehicles.
Partial period tax or pro-rated tax for form 2290
Usually, IRS charges heavy vehicle use tax from the truckers based on the tax period for every year. The standard tax period of the year starts on the first of July and ends on June 30th of the following year. So, the truckers should file their tax reports every year on July 1st, and they should file their form 2290 tax returns along with the payment on or before August 31st every year.
The truckers who purchase a new taxable heavy vehicle in the middle of the tax year or use their trucks apart from July should pay their form 2290 highway use tax on a partial period basis. The partial period or pro-rated form 2290 IRS truck tax is calculated based on the first used month of your heavy vehicle. The form 2290 tax amount was calculated from the first used month till June 30th, which is the end of the running tax year. As you are using your vehicle on the public highways from February, you are liable to estimate and pay the form 2290 truck tax to the IRS from February to June.
Suppose your truck has a total gross weight of 55,000 pounds or above and is estimated to drive more than 5,000 miles (7500 miles for logging vehicles). In that case, it falls under the taxable category, and you are liable to estimate and pay the form 2290 truck tax before March 31st, 2022, to stay compliant with the IRS and the law. The IRS will charge penalties and interest based on your 2290 tax due amount if you failed to pay form 2290 truck tax on time. Also, you will not be able to register your newly purchased heavy vehicle with the DMV.
You also should file form 2290 truck tax even your vehicle doesn’t come into the taxable category. You should file form 2290 to the IRS and report your truck as a tax suspended vehicle before March 31st, 2022.
E-file your form 2290 partial period tax at TruckDues!
IRS encourages every trucker to e-file their form 2290 truck taxes electronically because it is fast, safe, and convenient. TruckDues is IRS approved modernized e-file service provider for form 2290 highway heavy vehicle use tax. And we can proudly say that we are the first form 2290 e-filing service provider to pass the IRS regulations and get approved by the IRS.
Unlike the paper filing method, you can finish e-filing form 2290 at TruckDues within a few minutes. The entire process is very simple, and the whole user interface of Truckdues.com is designed to make the form 2290 process easy and secure. You can register for free and e-file your form 2290 at the comfort of your home/office or anywhere using your PCs or Smartphones. Truckdues offer web applications and mobile applications for Android and iPhone users to e-file form 2290 online.
You can easily calculate your pro-rated form 2290 tax amount for your partial tax period with the form 2290 tax calculator feature at TruckDues and quickly pay the tax dues to the IRS without any mistakes. E-filing form 2290 starts at $9.99 for single-vehicle returns at Truckdues.com.
Instant Schedule 1 copy!
You will get your official IRS digitally stamped/watermarked Schedule 1 copy as the proof of form 2290 tax payment directly to your e-mail within a few minutes after completing your e-file successfully. You don’t have to wait for weeks to get your schedule 1 copy through regular mail. You can instantly get your official schedule 1 copy to your e-mail as soon as the IRS approves your form 2290 tax returns. You can print the schedule 1 copy and use it for registration purposes of your new truck with the DMV.