What is a Form 2290?
Form 2290 is the form that is been used to File & Pay the Heavy Highway vehicle Used tax also abbreviated to be HVUT which is a federal tax that is due annually and payments are made to the U.S. Department of Treasury. However, on this matter the Internal Revenue Service represents the show as they are solely responsible for the entire governance of this tax.
Who Must File?
Well when we call it a Heavy Highway Vehicle Used tax, it clearly states these taxes are only concerned with Heavy vehicle which must comprise a minimum total gross weight of 55000 lbs i.e., (The weight of the tractor+ weight of the Loaded Trailer) and the same has been used over the public highway for multiple purposes such as Commercial Hauling, Agricultural, logging & so on. However, the IRS has drafted guidelines to differentiate the tax dues amongst the nature of duty that each heavy vehicle performs.
When is the Form 2290 Due?
Federal law states that Form 2290 must be filed on a vehicle by the last day of the month following the month of its first use. Else, these taxes are generally due by June and its payable until the end of August of every year.
How much is the Tax amount by the way?
The Tax due varies upon the gross weight of a desired Vehicles and the distance traveled within a respective HVUT tax period. Below 55,000 pounds do not have HVUT because they do not qualify as a heavy vehicle. Vehicles between 55,000 and 75,000 pounds owe $100, plus $22 per 1,000 pounds over 55,000 pounds. Finally, for vehicles that are over 75,000 pounds the maximum HVUT is $550 per year.
Who is Exempt from HVUT?
Although it is rare, some Vehicles that fit the above description may be exempt from the HVUT and Filing requirements of HVUT Form 2290. To officially be exempt from filing Form 2290, the vehicle must be owned and operated by the following:
- The Federal Government
- The District of Columbia
- State or local government
- American National Red Cross
- Non-Profit Volunteer Fire Department, Ambulance Association, or Rescue Squad
- Qualified Blood Collector Vehicles
- Mobile Machinery that meets specifications for a chassis
- Indian Tribe Government (Only if the Vehicle is Used for essential Tribe or Government Function)
- Mass Transportation Authority (Only if granted certain powers normally exercised by the state)
Reach us back for any further assistance over the following mediums:
Phone: (347) 515-2290 [Monday through Friday, 9 A.M to 5 P.M, Central Standard Time]
E-mail: support@truckdues.com
Live chat with our tax representatives.
Have a Good One! See you over the next article.
Did you ever encounter the moment when, just after it’s too late to do anything about it, you realize you messed something up? It’s always nice to know that you can go back and correct an error when you find one. In this article we are going to discuss on how to go about correcting an incorrect VIN that was accidentally reported over a Form 2290. 
Many truckers and trucking companies’ ends up making an overpayment towards their HVUT Form 2290 taxes due to various reasons likely, they would have been into the conventional way of paper mailing the Physical Form stapled with a payment and receives the proof of payment back in mail in a fortnight, however this doesn’t seem to be a trouble until it costs any individual owner operators or trucking firms an immediate registration. So, many truckers who anticipates a response beck from the IRS out of paper mail ends up e-filing too so there comes an over payment of taxes by both mediums. 
E-filing has emerged to be one of the modern revolutions which help the tax payers to securely file & pay their Federal Excise Tax Returns with the Internal Revenue Service. The primary reason for introducing E-filing is to lessen the burden of a tax payer during their tax deadline. It puts them aside off scheduling appointments at the local IRS facility and sparing a day’s time to have your turn arrived before you reach the counter. Guess the worst part, any last moment corrections are not honored else than starting all over again. Instead sit back, relax and e-file your Form 2290 through www.truckdues.com in matter of minutes. 
Hey there truckers, Hope you are reading this article with high spirits this New Year. No wonder misconception might arise within yourself due to our repeated HVUT deadline alerts. We are not trying to mock you with repeated deadline alerts. Federal law states that HVUT Form 2290 must be filed on a Vehicle by the last day of the month following the month of its first use. 
The Form 2290 HVUT tax returns are due by the end of this month for vehicles that are into service beginning December 2017. Penalties for HVUT non-compliance are serious money; it is equal to 4.5 percent of total tax due, assessed on a monthly basis up to five months. Late filers who don’t make an HVUT payment also face an additional monthly penalty equal to 0.5 percent of total tax due. Additional interest charges of 0.54 percent per month accumulate as well. 
Federal law requires that you create an EIN for doing business as a truck owner. This fact is applicable even for truck owners who are apparently business owners by default. Federal law states that a tax payer must require an EIN before proceeding with few federal tax filings including the Form 2290, The Heavy Highway Used Tax Form.