HVUT Tax Form 2290

Heavy vehicles pay an annual federal excise tax for use of the public highways. Form 2290 must be filed at the beginning of the tax year and payments of this tax must also be made at the beginning of the Heavy Highway Vehicle Use Tax year. Definition of a Heavy Vehicle Heavy vehicles that use public highways must also pay a yearly federal tax. The IRS defines heavy vehicles as trucks, trailers and buses with a gross vehicle weight of 55,000 pounds or more. Gross Vehicle Weight includes the total weight of a loaded truck in addition to any trailer it might be pulling. When to File Form 2290 IRS Form 2290 is used to pay the Heavy Highway Use Tax . The form is filed yearly and must be filed for each truck owned. The tax year for the Heavy Highway Vehicle Use Tax begins July 1 and runs through June 30 of the following year. The tax must be paid at the beginning of the tax year and the Form 2290 return must be filed by Aug. 31. Taxes on Mid-year Heavy Vehicle Purch...

"The United States has to move very fast to even stand still"  - John F. Kennedy Well said by the 35th President of The United States. The entire world is moving faster day by day. If you let the earth to take one simple rotation which means you have wasted a precious day in your short life. We all know the person who comes second in a race is not a winner, so who would like to be slow or left behind in the race of life.The entire world has become a place for Survival Of The Fittest. Likewise people out there in Trucking business know that they have to be fast if not they have to stay out of business.Out of Million task's to perform, the last thing they want is a trouble from IRS for not paying or filing  their Tax Form 2290 on time.We all know if there is one way to stay out of trouble, there will always be hundreds to run into one. One such thing is trying to File a Tax Form 2290 by paper and mailing it to the IRS . If you chose to file the Tax Form...

Have you ever wondered how important Time is for anyone who is in the Trucking Industry . Recently met a old friend of mine, who is a Truck Driver we had a short chat. He was accompanied by his fellow Trucker and that's when I realized how hectic their lives are. Trucking is not a typically scheduled job, chaotic would be a more accurate description. Too many variables weather, loading and unloading delays, appointments, breakdowns, traffic, etc., Also depends on what you haul, Flat beds don't usually get unloaded at night. Most shipping hubs are 24/7 but not all receivers. My friend over the chat said " Some days I feel the need to stop every 200 miles. Some days I drive for 11 hours straight. It all depends on the urgency of the load and my bodily functions.  It may seem like you're just dipping into that truck stop or gas station for a quick soda, but make sure you add in the time it takes you to find a place to park and get to the door, even if it's ...

HVUT is one of the important taxes filed by every trucker and trucking company across United States every year. As the month of July is just four days away, the biggest question on everyone’s mind in trucking business is when is the Annual Tax Form 2290 to be filed. Though everyone in Trucking Business know the annual renewal of Tax Form 2290 is due in the month of July and August every year, there is a big confusion that prevails in Every Trucking Brain this year. The reason behind this confusion is that, there was a brief delay in IRS accepting the Tax Form 2290's last year (2011-2012). This happened because the Congress did not make up their minds till October in passing the Transportation Bill. Finally the decision was made in the month of October 2011 by the Congress and the Transportation Bill was passed rather it was renewed for one more year. So the IRS took few days to act to the decision made in Washington DC and started accepting the Tax Form 2290 ...

There are three methods to pay the tax: 1. Electronic funds withdrawal (Direct Debit). 2. Electronic Federal Tax Payment System (EFTPS). 3. Check or money order . How To Make Your Payment : Electronic funds withdrawal (Direct Debit):   If you are  filing Form 2290 electronically , you can authorize a direct  debit to make your payment. You will be providing your bank account information like your Bank Name, Account Type, Account Number and Routing Transit Number along with your filing. The funds will be automatically debited  from your Bank Account b the IRS . EFTPS :   Using EFTPS is voluntary, but you must enroll in  EFTPS before you can use it. To get more information or to  enroll in EFTPS , visit the EFTPS website at www.eftps.gov or  call 1-800-555-4477 (24 hours a day, 7 days a week).This way one has to log on to  www.eftps.gov  website and schedule a payment to the IRS before the due date. NOTE: ...

Differences between the Paper and Electronic Filing Processes: Q . Are paper filed Form 2290s handled any differently than those e-filed?   A . Yes, there are differences in the processing of paper returns verses electronically filed returns. Paper returns are processed manually. If a paper return is filed containing duplicate vehicle identification numbers (VINs), manual procedures are done to identify and correct the error. Paper returns can be filed multiple times and are generally accepted. Paper filers will receive a hard copy stamped Schedule-1. Electronically filed returns can be submitted more than once. However, if the second return is filed for the same EIN and tax period, listing the same VIN number and category shown in the first position of the Schedule1, it will be rejected.  This is to ensure taxes are only paid once on each vehicle. Electronically submitted returns/ Schedule-1 VINs can be corrected through additional electronic filing Form2290 ...

The IRS Tax Form 2290 is available now at  www.Tax2290.com   /   www.TaxExcise.com . Reminder   -   If your vehicle first used in  May 2012   since   July 1 st   2011,   you are required to file   IRS   Tax   Form 2290   by June  30, 2012. You will not be liable for any late filing   penalty  or   interest   if you meet this   due date.   We will provide stamped (receipted) Schedule-1within minutes to those who file and pay their tax through our application. No more travelling to any IRS office or standing in line.   CLICK HERE   to   start   your  FORM 2290,   it is simplified, more help text available and we bet it won’t take much of your time. www.Tax2290.com E-filing and Paying Your 2011 Excise Tax IRS e-file   for   FORM 2290   is now available for the tax period beginning   July 1, 2011. ...

The IRS Tax Form 2290 is available now at  www.Tax2290.com   /   www.TaxExcise.com . Reminder   -   If your vehicle first used in  May 2012   since   July 1 st   2011,   you are required to file   IRS   Tax   Form 2290   by  June 30, 2012. You will not be liable for any late filing   penalty  or   interest   if you meet this   due date.   We will provide stamped (receipted) Schedule-1 within minutes to those who file and pay their tax through our application. No more travelling to any IRS office or standing in line.   CLICK HERE   to   start   your  FORM 2290,   it is simplified, more help text available and we bet it won’t take much of your time. www.Tax2290.com E-filing and Paying Your 2011 Excise Tax IRS e-file   for   FORM 2290   is now available for the tax period beginning   July 1, 2011.  ...

DUE DATES : Form 2290 which is also known as Heavy Highway Vehicle Use Tax Form is an excise tax. This tax is levied on heavy highway vehicles with a gross weight of 55,000 lbs and more, and is used on public highways. Internal revenue system has framed certain rules for filing tax form 2290. Thus the form should be filed accordingly. • Due dates for filing Form 2290 :  Form 2290 must be filed for each month when a taxable vehicle is first used on public highways during the upcomming period. The upcomming tax year begins July 1 2012 and ends June 30 2013. The Heavy Vehicle Use Tax (HVUT) Form 2290 must be filed by the last day of the month following the month of first use. The filing rules apply whether you are paying the tax or reporting suspension of the tax. • Vehicles used or acquired after July :  In case you acquire a vehicle and use it on the public highways in any month other than July, you are liable for the tax for the prorated tax period. You must file IRS F...

As per the IRS Form2290 recent Draft Version update for Tax period July 2012-June2013 , the due date is restored to its customary date (the last day of the month following the month of first use), unlike prior Tax Period July 2011-June 2012 where the due date for Form 2290 was temporarily changed for July, August, September and October. This means your HVUT is due on the normal date of August 31, 2012 for vehicles first used in July 2012. When to File : Form 2290 must be filed for the month the taxable vehicle is first used on public highways during the current period. The current period begins July 1, 2012, and ends June 30, 2013. Form 2290 must be filed by the last day of the month following the month of first use. If you first use multiple vehicles in more than one month, then a separate Form 2290 must be filed for each month. The filing rules apply whether you are paying the tax or reporting suspension of the tax. Truckers must report the vehicle first u...