The IRS 2290 Form is used to report the annual highway use tax (HUT) on vehicles with a taxable gross weight of 55,000 pounds or more. The tax is based on the number of miles the vehicle is driven during the year.
Any person who operates a vehicle with a taxable gross weight of 55,000 pounds or more on any public highway during the year must file Form 2290 and pay the tax. This includes owners, lessees, and transporters who use such vehicles in their business.
Form 2290 must be filed for each month a taxable vehicle is first used on public highways during the period July 1 through June 30. The tax must be paid within 3 months (75 days) after the month in which the vehicle was first used on public highways. However, if you file Form 2290 and pay the tax by electronic funds transfer (EFT), you have until the last day of the month following the due date to make your payment. For example, if you file Form 2290 for July 1 through June 30, 2019, and pay by EFT, you have until July 31, 2019, to make your payment. If you do not pay by EFT, you must make your payment by check or money order.
You can file your Form 2290 online using an IRS-approved provider like Truckers Assist. You will need your Social Security Number or Employer Identification Number, as well as your vehicle identification number(s), gross vehicle weight(s), and credit card or bank account information for payment. Once you have filed online, you will receive a confirmation that your return has been processed and your Schedule 1 will be available to view and print. Schedule 1 is proof that you have paid your HUT and should be kept with your records.
If you do not file Form 2290 or pay the tax when due, you may be subject to penalties. The penalty for not filing is 4.5% of the total tax due per month, up to five months (22.5%). The penalty for not paying is 0.5% of the tax due per month, for up to five months (2.5%). In addition, interest will accrue on any unpaid tax at a rate of 0.54% per month from the date the return was due until it is paid in full.
IRS Approved 2290 Providers
The IRS Form 2290 is an annual tax that must be paid by anyone who operates a heavy highway vehicle in the United States. The tax is based on the weight of the vehicle and the number of miles it traveled during the year.
If you are a trucker, you are probably already aware of the 2290 tax and may have even filed it in previous years. But what you may not know is that there are now several IRS-approved 2290 providers that can help you file your 2290 tax online. In this article, we will introduce you to some of these providers and explain how they can help you save time and money on your 2290 tax.
So, if you are looking for an easier way to file your 2290 tax, read on to learn more about IRS-approved 2290 providers.
If you're a trucker, then you know how important it is to have the right tools and resources at your disposal. That's why Truckers Assist is here to help you out. We're an IRS-approved provider of 2290 services, which means that we can help you file your taxes and get the refunds or credits that you're entitled to. We're also a resource for information and advice on all things trucking, so please don't hesitate to contact us if you need assistance with anything.
What are the IRS-approved 2290 providers Forms?
The IRS 2290 Form is a way for truckers to file their Heavy Highway Vehicle Use Tax (HVUT). This tax is based on the weight of the truck and the number of miles it traveled on US highways during the tax period. The 2290 Form must be filed annually, and the deadline for filing is June 1. If a trucker does not file their 2290 Form on time, they may be subject to a late filing penalty.
The 2290 Form must be filed electronically, and there are a number of approved IRS 2290 providers that can help truckers with this process. These providers will also help truckers with paying their HVUT, as well as any late filing penalties that may be owed.
If you are a trucker who needs to file your 2290 Form, make sure to choose an IRS-approved 2290 provider who can help you with the process from start to finish.
Who Must File IRS-approved 2290 Provider Form 2290?
Every motor carrier who operates a vehicle with a taxable gross weight of 55,000 pounds or more on public highways must file Form 2290 and pay the Heavy Vehicle Use Tax. This includes every person who is self-employed and every business, whether organized as a corporation, partnership, or sole proprietorship.
Farmers who use qualifying farm vehicles only on farms and off-highway business use are not required to file Form 2290 or pay the Heavy Vehicle Use Tax. However, they may choose to file Form 2290 and pay the tax if they want to be eligible for certain federal highway use benefits, such as the 12-month expiration date for their vehicle registration sticker.
The following types of vehicles are subject to the tax:
* Semi Trailers
* Trailers (including converter dollies)
* Buses used on public highways in interstate or foreign commerce, including school buses and farm labor buses
* Vehicles designed to transport 16 or more passengers (including the driver), regardless of whether they are used in interstate or foreign commerce
* Dump trucks
* Grain trucks
* Pickup trucks and vans weighing over 8,500 pounds empty weight that is used on public highways in interstate commerce (see Exceptions below)
* Tank trucks (other than those carrying propane gas)
exceptions: Tank trucks carrying propane gas; vehicles registered in New York, Kentucky, Michigan, Oklahoma, South Dakota, or Puerto Rico; certain Department of Defense fire trucks; and certain Department of Energy waste haulers are not subject to the tax.
When is Form 2290 Due?
Form 2290 is due on the last day of the month following the month in which the vehicle was first used on public highways. For example, if you first use your vehicle on public highways in July, Form 2290 is due on August 31.
How to File IRS Form 2290
Form 2290 is an annual tax that must be paid by anyone who owns a vehicle with a gross weight of over 55,000 pounds. The tax is used to help fund the construction and maintenance of the nation's highways.
There are two ways to file Form 2290: electronically or by paper.
If you choose to file electronically, you can do so through the IRS website or through an authorized e-file provider. You will need to have your vehicle's identification number (VIN) and your Social Security number or Employer Identification Number (EIN) handy.
If you choose to file by paper, you can download the form from the IRS website or order it by calling 1-800-TAX-FORM (1-800-829-3676). Once you have the form, fill it out and mail it, along with your payment, to the address listed on the form.
The filing deadline for Form 2290 is the last day of the month following the month in which your vehicle was first used on public highways. For example, if you first used your vehicle on public highways in July, the filing deadline would be August 31.
If you file Form 2290 late, you may have to pay a penalty. The penalty is 4.5% of the tax due for each month (or partial month) that the tax is not paid, up to a maximum of 25%.
You will also have to pay interest on any unpaid taxes. The interest rate is currently 4% per year, compounded daily.
Penalties for Not Filing or Paying Your 2290 Tax
If you don't file or pay your 2290 tax, you may be subject to penalties. The IRS may assess a late filing penalty of 4.5% of the unpaid tax, plus interest if you don't file your return by the due date. If you don't pay your tax when it's due, you may be charged a late payment penalty of 0.5% of the unpaid tax, plus interest.