HVUT Form 2290 Overview
Form 2290 is a Heavy Vehicle Use Tax Return filed with the IRS on an annual basis. This return is filed to calculate and pay the Heavy Vehicle Use Tax (HVUT) for every tax year. Any vehicle with a taxable gross weight of 55,000 lbs or more will be considered a heavy vehicle and must file Form 2290.
Download the IRS Printable Form 2290 in 3 Simple Steps
Information required to file Form 2290
EIN, Business Name
VIN of Taxable Vehicles and its Gross
If you are going to pay the IRS via direct debit, ensure that your routing and account number ready.
Who is Required to File 2290?
- If the vehicle is registered on your name at the time of its first use during the period and the vehicle has a taxable gross weight of 55,000 pounds or more and it is expected to exceed the mileage above 5000 miles (7500 miles for Agricultural & Logging vehicles), you are required to pay the HVUT to IRS and report the same through Form 2290.
- If your vehicle is demolished, stolen, sold, or used 5,000 miles or less (7,500 miles or less for agricultural vehicles) then you can claim a credit for tax paid and report the same through Form 2290.
- Report acquisition of a used taxable vehicle for which the tax has been suspended. Calculate and pay the tax due on a used taxable vehicle acquired and used
during the period.
Schedule 1 (Form 2290), A Proof of Payment for HVUT
- Bureau of Motor Vehicles (BMV) requires the proof of payment of HVUT each year and it can be achieved through Schedule 1.
- If you are operating the truck, you need to keep the Stamped 2290 Schedule 1 on your vehicle always for the respective year and it is required for tags and vehicle registration at the Department of Motor Vehicle (DMV).
Visit https://www.expressefile.com/e-file-form-2290-and-get-schedule-1-online/ to know more about Schedule 1.
When Form 2290 filing is due?
Form 2290 must file annually for each taxable vehicle that is used on public highways during the current tax period. The current tax period begins on July 1, 2021 & ends on June 30, 2022. The due date to file 2290 is on August 31st, 2021.
Please find the following table for the due date:
|Vehicles first used month||Due Date|
|July 2021||August 31, 2021|
|August 2021||September 30, 2021|
|September 2021||November 01, 2021|
|October 2021||November 30, 2021|
|November 2021||December 31, 2021|
|December 2021||January 31, 2022|
|January 2022||February 28, 2022|
|February 2022||March 31, 2022|
|March 2022||May 02, 2022|
|April 2022||May 31,
|May 2022||June 30,
|June 2022||August 01, 20221|
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Effective Form 2290 E-Filing Solution
Enhance your 2290 Reporting by filing 2290 online & get your Stamped Schedule 1 in minutes.
- Avoid waiting in long queue in IRS & Post Office
- Avoid bunch of Paper works
- Avoid late filing penalties
Pay only $6.90 for a single vehicle to e-file your Form 2290. You will receive the Stamped Schedule 1 instantly.
Penalties for Not Filing Form 2290
The IRS may impose a penalty for the late filing of Form 2290 and late payment of HVUT.
If you miss filing your IRS Form 2290 within the deadline, the IRS will impose a penalty equal to 4.5% of the total tax amount due. Also, the penalty will increase every month for up to five months.
If you miss making the HVUT payment, you’ll be charged with a penalty of 0.5% of the total tax amount due as a penalty, and there will be an additional interest of 0.54% each month.
Visit https://www.expressefile.com/2290-late-filing-penalty/ to know more about the
Form 2290 penalties.