Hello, truckers! Apart from the heavy commercial vehicles, logging and agricultural vehicles used for their specific purposes are entitled to form 2290 truck taxes. But taxes are charged specially for these two vehicle categories. Therefore, truckers having logging or agricultural vehicles must understand how these vehicles are taxed under form 2290 and report the taxes accordingly. Let us look into both vehicles separately and the special under which they are taxed in form 2290 HVUT.
Hello, truckers! Let us dive into this article and know about the purpose of using form 2290 to report your heavy vehicle use tax to the IRS. All truckers and truck taxpayers must use form 2290 to submit the tax returns and pay the tax dues. TruckDues.com is the best platform to e-file form 2290 HVUT to the IRS. You get accurate and error-free form 2290 in our online platform that will help you to complete your truck tax filing smoothly.
Hello truckers and truck taxpayers, you may be getting ready to file your form 2290 tax reports for the upcoming tax period, or you may have already pre-filed form 2290 ahead of the tax period. Now, it’s time to report your form 2290 truck taxes for your heavy vehicles first used in May 2022. The pro-rated form 2290 truck taxes for the heavy vehicles or trucks first used in May are due by June 30, 2022. So, we request all the truckers with heavy vehicles first used in May 2022 to report your form 2290 truck taxes today at TruckDues.com and get the schedule 1 copy to your respective email address.
Form 2290 truck tax is mandatory for all taxable heavy vehicles.
All the taxable heavy vehicles or trucks should report and pay their truck taxes using form 2290 every year to ensure a smooth operation on the public highways. If not, the IRS will charge huge penalties, late charges and interests over your pending form 2290 tax payments. The heavy vehicles or trucks that come into the taxable category are entitled to report and pay form 2290 truck taxes in advance during the tax period. Form 2290 truck taxes are always charged in advance, so truckers should estimate their taxes based on their truck operation and pay them accordingly to the IRS. So, your truck must have a total gross weight of over 55,000 pounds and should run over 5,000 miles (7500 miles for logging vehicles) on the public highways to come under the taxable category. All truckers with taxable heavy vehicles should pay form 2290 truck taxes to the IRS and get the official schedule 1 copy. The heavy vehicles or trucks that don’t come under the taxable category also should report form 2290 HVUT to the IRS as tax-suspended vehicles.
Its shout-out time! The deadline to file form 2290 truck tax for the vehicles first used in April 2022 is today. So, truckers and truck taxpayers with the vehicles first used this April should report form 2290 HVUT to the IRS and get the schedule 1 copy today to smoothly continue their truck operations on the public highways. If not, the IRS charges penalties, and you cannot operate your heavy vehicles without a proper schedule 1 copy. You will run into problems with state and federal authorities.
The partial period or pro-rated taxes are charged based on the vehicle’s first used month.
The general tax period starts at the beginning of July every year and lasts till the end of June the following year. So, the truckers should file their form 2290 to the IRS and get the schedule 1 copy within August 31 to continue their trucking operations smoothly on the public highways of the United States. But for the newly purchased or first used vehicles in any month other than July, IRS charges form 2290 truck taxes on a pro-rated basis. This partial-period or pro-rated form 2290 taxes are charged based on the vehicle’s first used month. It is calculated from the first used month to the end of the current tax period. Therefore, for the vehicles first used in April 2022, the form 2290 truck tax is calculated from April to June 2022, which is the end of the current tax period. And the last date to file the pro-rated form 2290 tax is today! Continue reading
Hello, truckers! This is a gentle reminder to inform you that the pro-rated form 2290 tax for the heavy vehicles first used on April 2022 is due on May 31, 2022. So, all truckers and truck taxpayers with the trucks first used in April should file their form 2290 HVUT to the IRS and get the official schedule 1 copy within the last date. Or else, the IRS will charge penalties or late fees based on the tax amount, and it will become impossible to operate your heavy vehicle on the public highways without a valid schedule 1 copy.
Fellow truckers it’s time to prepare to file your taxes for the upcoming tax year July 2021- June 2022. The tax filing season starts by 1st July and Hope you’ve got everything prepared. If not we are here to assist you. We are also ready to process your returns and equipped with full-scale staffing at your disposal. But why the rush so soon? Well there are more than 3.5 million truckers on road and hence for keeping our customers up in the line we are accepting forms for the upcoming tax war, (LOL) starting today
The Pre-filed tax returns basically holds a priority within it by default when compared to a regular Form 2290. The IRS online servers would always process tax returns based on First Come First Served Basis. Hence, the Pre-filed tax return reaches the IRS servers sooner than the other tax returns hence in turn receives an expedited amongst other regularly filed tax returns.Continue reading
Hey there dear truckers! Hope you are safe and sound. Christmas celebrations are not to be missed as it brings comfort to the sour life amidst the covid-19 pandemic. It’s time to trim the trees, wrap the gifts, and bake the cookies, As we eagerly await the arrival of Christmas!
Beyond the presents and the presence of family and friends that accompany us during Christmas and New Year’s eve; It is helpful to remember to take some time to be thankful, to literally be present amongst the people who matter most in our lives, and to find some time for solitude to gather the inner strength that will carry us onwards and upwards in the new year.Continue reading
Hey truckers it’s once again time for a few pointers and transfer of knowledge about your HVUT Form 2290 filings. The filing season was a hectic one, wasn’t it? Since you are done with filing the returns hope you checked your schedule-1 copies for any mistakes. Any mismatch in the information would end up as a void filing. The recent question which we faced was about “2290 AMENDMENTS”. In this blog, we are going to see when to file an amendment and how to and when not to.
An Amendment is bringing about a change or correction to an existing return. People often confuse between VIN correction and an amendment. The VIN correction needs to be done on a separate filing and this doesn’t relate to anything with the Amendments.
Amendments are basically for reporting two things
- When there is an increase in gross weight (truck, trailer, and max load capacity)
- When the suspended vehicle exceeds the mileage limit (over 5000 miles)
Hey there truckers, 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.
Hence, this article about the HVUT deadline must concern you only if you had purchased/re-purchased any truck and that’s being used over the road since Sep 2019, whereby you are required to E-File & pay the HVUT to the IRS on or before 10/31/2019.
Failure to E-file the Form 2290 before the deadline might end up in owing the IRS a penalty for late in filing & payment. This penalties might fluctuate between 3 to 5% of the overall tax due owed on your vehicle and the worst part is the interest will accumulate on daily basis as long as you prolong the lateness beyond the desired deadline assuming it as an extension. In the first place we would like to make our dear truckers aware that there has been no extensions for Form 2290.
Truckdues.com has been rated to be one of the moist efficient & cost effective websites which makes the e-filing process easy even for beginners. There are no complex calculations involved as our application bears that part on your behalf as it has an inbuilt tax calculator for your convenience. Soon after you enter your vehicle information, our application would calculate the tax due amount of the vehicle reported.
We request the trucking community to feel free while contacting our Tax expert support @ (347) 515-2290 during your HVUT Form 2290 filing needs.
Truckers, the Pro-rated Heavy highway vehicle used tax return is now due by 09/30/2019 for vehicles first used since August 2019. This deadline is drafted based on the Federal law that states that the Form 2290 must be e-filed on a vehicle by the last day of the month following the month of its first use. On that basis, the HVUT Form 2290 is now due by 09/30 for vehicles first used since Aug 2019.
The Heavy Highway vehicle used tax return is basically paid on Heavy vehicles with a taxable gross weight of 55000 lbs or more and if the same is been used over the public highways for commercial, Agricultural & Logging purposes.
If the said vehicle is expected to be operated over 5000 miles for Commercial based units and over 7500 miles for Agricultural based units then tax due is required to be paid on these trucks upfront for the upcoming 12 months. On the other hand, if the vehicle seems to be used under the mileage limit then the truck turns out to be exempt and no taxes are required to be paid on such vehicles.
The Annual HVUT Form 2290 is basically due by June and its payable until the end of August, for the current year the HVUT Form 2290 for the period beginning July 1, 2019 through June 30, 2020 was due since June 2019 and the actual deadline was extended up until Sept. 3, 2019. We realize that most of the truckers might have missed on the deadline due to busy on road schedule. For those, we want you to know that now it’s not too late to renew your Form 2290 to avoid maximum penalties from the IRS.