Dear HVUT filers, As we have learned to live along with the covid Virus, we also have good news around different parts of the world getting vaccinated to prevent and cure us of this Virus. Hope it brings a breakthrough and saves lives. But that doesn’t mean that we can roam around free right, we still have to be cautious to be safe. And the same applies to Form 2290. The IRS offices are closed it doesn’t mean that there is no need for you to file your taxes, well that why we’re here, to meet all your HVUT form 2290 needs. As you know the HVUT Form 2290 is now due today for the vehicles bought or used since February 2021 for the Period beginning July 1, 2020 through June 30, 2021, thousands of truckers have e-filed their HVUT Form 2290 for the current period already and what about you?
Every year, the tax due amount is paid full in advance to the Internal Revenue Service based on the fact if the vehicle is going to be used over 5,000 miles for commercial & 7,500 miles for Agricultural based units. Having said that, the Form 2290 is pro-rated as the tax deadline for the new vehicles happens to be the last day of the month following the month of its first use. So should you pay it up in full no, as said the taxes will be calculated on a pro-rated basis from the month of January or December based on the month of use.
Hello, there dear truckers! Hope you’re doing good. It’s once again time for some updates with form 2290 filings, about a year ago the IRS stopped accepting credit/debit card payments to pay the taxes, and now it’s back. Recently the IRS began accepting tax payments using Credit/Debit cards and it’s one of the most misunderstood modes of payment. HVUT payers are prone to misconception based on their assumption that paying the IRS tax payment using a credit/debit card is an automated process but in reality, it’s not.
The IRS basically gives four different option to pay your taxes:
The IRS would go down for a routine year end maintenance schedule to upgrade the system for the new tax year. The impact would be on all the tax returns filed after December 26, 2020. IRS will not be available until 1st week of January 2021 to issue the acknowledgment proof. This would impact the Federal Vehicle Use Taxpayer reporting their heavy highway vehicle since July 2020. For vehicles operated for the first time in November 2020 will be due by December 31, 2020. We advised all the 2290 taxpayers to report it by the Christmas week to receive back the IRS watermarked Schedule 1 receipt. If you miss then you would not be able to receive a copy until 1st week of January.