HVUT Tax Form 2290

Heavy Highway Vehicle Use ( Form 2290 ) is an excise tax levied on heavy highway vehicles with a gross weight of 55,000 lbs or 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 tax year. The tax period for form 2290 begins July  and ends June of the following year. 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 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 Form 2290 and pay the tax by ...

  The electronic federal tax payment system (EFTPS) is payment mode to pay your taxes to the IRS , it is provided free by the US department of treasury . Businesses and individuals can pay their federal taxes electronically over the internet or by phone 24/7. More than 9.5 million taxpayers are currently registered in the system. Since EFTPS started in 1996, there have been over 1 billion electronic payments made, totaling over $22.8 trillion. The service has been used by businesses, individuals, tax professionals and payroll services.   All types of federal taxes can be paid using EFTPS. You can make payments on www.eftps.gov , a voice response system, or special channels designed for tax professionals , payroll services, and financial institutions. EFTPS is fast, secured, and accurate and is ...

What is termed as a “highway motor vehicle”? The IRS says a highway motor vehicle is any vehicle that carries load over public highways . Examples include trucks, buses and truck tractors . Mostly vans and pickup trucks are not subject to this tax because their taxable gross weight is usually less than 55,000 pounds. What is termed as a “public highway”? Any road in the United States that is not a private roadway is considered as a public highway in terms of the IRS . That includes federal, state, county and city roads . Which vehicles are exempt from filing Form 2290? Yes. Vehicles operated by: -The Federal Government -The District of Columbia -A state or local government -The American National Red Cross -A nonprofit volunteer fire department, ambulance association , or rescue squad -An Indian tribal government but only if the vehicle’s use involves the exercise of an essential tribal government function -A qualified blood collector vehicle Who should file and pay taxes when a vehi...

Before registering your heavy vehicle at 55000 pounds or above, the Internal Revenue Service requires all states to verify proof of payment of the Heavy Vehicle Use Tax . H eavy vehicle use tax is due on old or newly purchased vehicles. In case you have purchased a new vehicle or a used one, it is your responsibility to contact IRS for further information on any amount due on heavy vehicle use tax . To register or renew your vehicle with IRP , proof of payment of Heavy Vehicle Use Tax must be submitted.   The proof can be of the following types:           1.    A copy of your Stamped  IRS Form 2290 Schedule 1 returned             to you by the IRS (photocopies are acceptable), or         2.    A copy of your Stamped IRS Form 2290 Schedule 1 printed              f...

  The month of November is only few weeks ahead, you will have to get your Form 2290 filed as Quickly as possible once it is made available. It is unfortunate that the filing process has been delayed, but to avoid any future confusion about the issue, it would be beneficial to be ready to file once the form is available. In order to make the filing process easier with the IRS for Form 2290 , it is very important that you keep correct information available. It is very important for anyone filing form 2290 to maintain their records for at least 3 years. For Truck owners and small trucking companies who have filed form 2290 in the past, it is wise to always keep the 2290 records on hand , as one never know when IRS inspection may take place. It is even important to save these returns if they are only for a part of a year. In the case of a suspended vehicle ( public highway use was less than 5,000 miles/year) it is still necessary to keep records of Form 2290’s filed f...

Updated as of September 28, 2011 Congress has passed and the President has signed an extension of the Heavy Highway Vehicle Use tax through September 30, 2012. By November 30, 2011, taxpayers will be required to file Form 2290 for the full year on vehicles first used in July, August, September and October 2011. Although the Form 2290 is expected to be available in late October, the IRS will not provide a stamped (receipted) Schedule 1 until November 1, 2011. In the meantime, you can still pay your 2010 excise tax, get your 2011 tags and register your new or used vehicle. Paying Your 2010 Excise Tax IRS e-file is not currently available for the tax period beginning July 1, 2011, but you can still e-file your 2290 tax return for the tax period July 1, 2010 through June 30, 2011. Choose the IRS authorized e-file provider that’s best for you. Getting Your Tags and/or Registering Your Vehicle You can get your tags for the tax period beginni...

There are 3 ways through which a fleet owner or a tax professional can make payment to the IRS for the HVUT form 2290 , When its E-filed through Tax2290.com    Direct Debit (EFW)  EFTPS Check or Money Order Direct Debit (EFW) A Direct Debit or Electronic Funds Withdrawal  is the most commonly used and most recommended Payment Option to pay the Tax Dues on HVUT form 2290 .The Fleet Owner or the CPA who files the HVUT input their Bank account information like Bank Name, Account Type, Account Number, Routing Transit Number, Which will be forwarded to the IRS along with your Electronic submission of your form 2290 HVUT .The IRS initiates the direct debit from the account based on the bank account information provided by you during the submission of form 2290 . Your bank account information is safe and secure and will only be used for the payment authorized by the taxpayer. No unauthorized withdrawals will be made.  ...