IRS Form 2290 HVUT online filing specifications

Have you purchased a heavy highway motor vehicle? Does the motor vehicle gross weight is more than 55,000 pounds? You need to file Form 2290 HVUT when you use a heavy highway motor truck weighing more than 55,000 pounds on the highways.

Didn’t understand why to file a Form 2290? We’ll let you know about IRS Form 2290, and why to file Form 2290 for Heavy Highway Motor Vehicle gross weight of 55,000 pounds or more. According to the IRS Form 2290 instructions, you need to file your taxes before the IRS 2290 due date.

irs form 2290 online

When do you require to file Form 2290?

If you own a truck and want to register your vehicle with the IRS, then you must file IRS Form 2290 and pay Heavy Highway Vehicle Use Tax. It is a federal excise tax imposed on vehicles that operate on public highways in the United States.

Any truck that weighs 55,000 pounds ore more are subjected to this highway vehicle use tax return. Form 2290 toll is collected annually and is used for construction and maintenance of public highways in the US. Hence, the Form 2290 is important for the development of the country.

Who needs to file Form 2290?

Form 2290 must be filed and heavy vehicle use tax must be paid by anyone who:

  • Owns a truck or vehicle with an estimated weight of 55,000 pounds or more must file Form 2290 and pay the HVUT tax.
  • Single-member LLC must file Form 2290 heavy Highway Vehicle Use Tax Return.
  • Corporations and organizations are subjected to form 2290 HVUT.
  • Partnerships must also pay Form 2290 heavy Highway Vehicle Use Tax return.
  • Charitable organizations, non-profit organizations or educational organizations fall under the organizations listed above and must file HVUT Form 2290.

When do you register a heavy highway vehicle?

Every heavy highway motor vehicle must be registered withing 60 days of purchase. By and large, you should record Form 2290 HVUT and pay appropriate tax. The tax must be paid when you’re registering in you name a heavy highway motor vehicle with a gross weight of 55,000 pounds or more. You must file Form 2290 and schedule 1 for the tax period beginning on July 1, 2020, and ending on June 30, 2021.

However, if you purchase a highway motor vehicle either new or used. Then register the vehicle when the gross weight is 55,000 pounds or more within 60 days of purchase date.

Different ways to file Form 2290

You can file IRS heavy use tax form 2290 and pay HVUT by any of the following methods:

  • Paper filing
  • E-filing

The IRS suggests the truckers to file Form 2290 online since it is much easier, secure and faster than paper filing. Not only this, but the paper filing of form 2290 HVUT return also requires you to manually amil your returns to the IRS. You’ve to make an appointment and wait in the queue just to pay your 2290 heavy duty-tolls. Additionally, when you file your Form 2290 online, you’ll get your stamped Schedule 1 copy of highway vehicles within 15 minutes of IRS acceptance.

Form 2290 HVUT e-filing significance

E-filing Form 2290 HVUT provides a simple and affordable processing of your HVUT. Given below are some of the reasons that make you e-filing the right choice for your business:

Step-by-step guidance

Filing Form 2290 electronically provides wizard that guides users step-by-step to complete and submit error free form to the IRS.

Schedule 1 within 5 minutes

E-filing is an automated process which allows quick submission of Form 2290 to the IRS system. You can get the IRS digital watermarked schedule 1 within 5 minutes.

Guided e-file correction

Sometimes e-files are rejected due to name and EIN mismatch with the information in the IRS system or invalid bank routing number. Users are immediately notified through email about rejection when filed electronically. E-filing provides you the reason for rejection and they can follow the onscreen instructions to correct and resubmit the forms.

VIN correction

A Vehicle Identification Number is a unique serial number used to identify motor vehicles. Users occasionally make mistakes in entering VIN due to the combinations of letters and numbers in the VIN format. E-filing provides service to correct improperly entered VIN and submit amendment.

Tax calculator

Tax calculation procedure used to calculate taxes on the vehicles based on the gross taxable weight. E-filing provides an internal tax calculator that helps to figure out the exact tax return that you’ve to pay to the IRS.

Requirements to file IRS Form 2290 online

Filing heavy duty toll online is simple and efficient and you need these:

VIN for Form 2290

Vehicle Identification Number is a unique identifying code of your vehicle. The VIN functions as a fingerprint of a motor vehicle, this is because no two vehicles in service will have the same VIN. The VIN consists of 17 characters that include both numbers and capital letters and acts as a unique identifier for that vehicle or truck.

The VIN can be used for registrations, pay heavy highway toll online, thefts and warranty claims, track recalls and insurance coverage. This VIN is very important when filing HVUT 2290 form and paying heavy highway toll online.

EIN to pay Form 2290 online

The EIN is also known as Federal Tax Identification Number. It is a unique nine-digit number that is assigned by the IRS to US based business. The EIN is usually used for the purpose of identification of that business and for filing heavyweight vehicle tax form. When the EIN is used for identification and not for employment toll reporting.

Taxable Gross weight to pay Form 2290 online

The taxable gross weight plays a dominant role when filing HVUT tax form. Therefore, an extra attention must be paid when calculating and filing the taxable gross weight for filing form 2290 HVUT. The taxable gross weight is the total of:

  • The real unloaded weight of the truck fully fitted for operation.
  • Unloaded weight of any semi-trailer that is fully fitted and used in conjunction with the truck.
  • The weight of the maximum load that can be carried customarily on the vehicle.

We provide you a very simple and affordable online processing of your Heavy Highway Vehicle Use Tax. We’ve strived hard and successfully made our e-filing service a smart and efficient substitute to paper forms. We also provide our customers the much sought freedom from the hassles of installed software.

Add a Comment

Your email address will not be published. Required fields are marked *