Shout out to all truckers and trucking taxpayers! IRS is live and processing form 2290 tax reports. So, hurry up and e-file form 2290 HVUT for your December used heavy vehicles. E-file form 2290 online at TruckDues.com to get the instant schedule 1 receipt and continue your trucking business smoothly. The last date to e-file form 2290 HVUT for your December used heavy vehicles or trucks on a pro-rated basis is January 31, 2023. Therefore, truckers and trucking taxpayers must ensure that they report and pay form 2290 truck taxes to the IRS and get the IRS stamped schedule 1 copy on or before the deadline.
The Federal heavy Vehicle Use Taxes (FHVUT) are reported and paid to the IRS on the heavy highway vehicles using IRS Tax Form 2290. This is an annual tax and paid for the 12 months period between July 2021 through June 2022. For this current tax period the 2290 taxes were already due and paid by August 31, 2021 on heavy highway vehicles that is used from July 2021. For the other vehicles that is used for the first time in this current tax year after July would have a partial period tax or pro rated 2290 taxes calculated on its first use month. For vehicles that is first used in October 2021 since July will have the due date this November 30, 2021.
The IRS Tax Form 2290 is validated when it is filed with the IRS using the EIN – Employer Identification Number against the Business Name as issued by the IRS during the registration process, this EIN is mandate to complete a 2290 taxes electronically. Name Control Rejections are quite common these days by the IRS on all the new Employer Identification Numbers Issued by the IRS for businesses that enrolls with the IRS. This is a new notification sent out by the IRS on the delay in accepting and updating heir system. The IRS will not accept the Doing Business As – Name, dba name as a legal business name.