File Your IRS Form 2290 Online Today

What is IRS Form 2290?

IRS Form 2290 used to figure and report excise taxes paid to operate heavy vehicles weighing more than 55,000 pounds on public roads within the US. Besides, use 2290 returns to report the suspended vehicle information to the IRS. Because suspended vehicles are exempted from paying road taxes. You can know what is the purpose of IRS HVUT 2290 when you owe a truck or acquire a used vehicle during the tax period. Uses of Form 2290 HVUT are given below:

• Figure out and pay 2290 taxes when the vehicle falls into a new category.
• Report the taxes paid for the acquired vehicles used during the truck tax year.
• Acts as proof to claim credit when the vehicle drives less than the mileage limit by the end of the tax period.
• Claim the refund against paid HVUT when the vehicle is sold/stolen/destroyed.
• Report the acquisition of used taxable vehicles that are suspended.

What is the heavy vehicle use tax?

Heavy Vehicle Use Tax is the annual fee assessed on heavy vehicles to use United States National Highways. With the vehicle’s gross weight, you can estimate what is HVUT when filing 2290 for a single vehicle or fleet in a tax period. You may be wondering why I have to pay 2290 tax online to the IRS. As per the IRS norms, heavy vehicles cause severe damages to the public roads. Due to which the transportation for other vehicles became a life threat. To maintain public highways the IRS collects taxes and sends them back to the state authorities. Figure out how are Tax Form 2290 taxes calculated by below table:

Gross weight of the vehicle	Highway Tax per vehicle
55,000 pounds	No HVUT
55,000 pounds	$100
55,000-75,000 pounds	$100 + $22 per increase in 1,000 pounds over 55,000 lbs
75,000 pounds	$550

What payment methods can I use to pay my heavy highway vehicle use tax?

Searching about how I pay my 2290 truck taxes to the IRS. The IRS offers EFW, EFTPS, or credit or debit methods to pay your taxes online. You can pay road taxes manually using a check or money order method. Amazed about what’s new on IRS 2290 this tax period. Recently, the IRS has started accepting HVUT payments made through credit or debit cards by providing credit/debit card details. The IRS will deduct the tax amount within 1 or 2 business days. Besides, pay taxes using EFW by providing accurate bank account details and routing transit numbers. Or else, choose the EFTPS method and e-file 2290 now and pay taxes within the deadline. For more information about How do I pay 2290 online on EFTPS, follow the below steps

• Ensure to enrol before using the EFTPS method by providing necessary details. If you are a new user, make sure to create an EFTPS account beforehand because it nearly takes 15 days to create one.
• Make sure to choose this option when e-filing 2290 Form.
• Visit www.eftps.gov and schedule the payment within the deadline.

How to transfer my HVUT 2290 to another truck?

You can transfer prior year’s Highway Tax when filing IRS Form 2290 Online for the current tax year. Just include credit vehicle details when filing the new Form 2290 and the taxes are calculated automatically. Finally, you’ll know how much you owe to the IRS. For truckers who purchase new vehicles in the middle of the tax year can always think about “How do I add a vehicle to my 2290 Form?”. But you can’t add a new vehicle to an already existing one whose HVUTs are already paid. You may end up overpaying tax dues when you add a new vehicle to an already existing one. Know What happens if you pay your 2290 excise taxes late below:

• You may be subjected to HVUT penalties.
• Interests are also imposed until five months after the due date.
• Even if you intentionally failed to pay tax dues, you may get prisoned.
• The IRS suspends your vehicle's registration under state DMVs.

Who is required to file HVUT Form 2290?

Find out who needs file form 2290 by the below cases:

• To operate business using taxable vehicles like trucks or tractors etc weighing 55,000 pounds or more you need 2290 Form.
• Register a heavy vehicle under your name with state DMVs you require Form 2290.
• To use a Canadian or Mexican vehicle within United States national highways on business or trade you must file 2290 returns.
• Report a suspended vehicle to use on public roads file HVUT returns with the IRS.

Besides, you may worry about Why you need to file and pay 2290s online to the IRS. You need to file and pay Heavy Vehicle Use Taxes to increase mobility of vehicles. Heavy vehicles damage national highways with heavy loads. This caused an increase in the number and severity of crashes for all kinds of vehicles. So, to reduce accidents and improve efficient movement of goods the federal government distributes the revenues back to the states. For highway construction and maintenance projects pay truck taxes in time and report it on 2290 Form.

How to File Form 2290 Online?

The vast majority of truckers are confused why I should file IRS Form 2290 online. Paper filing tax returns consumes lots of time and effort and may end up paying tax liabilities. So, the IRS introduced e-filing tax returns to transmit tax returns from the user's convenience. With e-filing tax returns, how do I fill out 2290 HVUT in minutes? To e-file HVUT 2290, firstly you must have an idea on What information is required to Form 2290 E-file. By gathering what you need to file your HVUT 2290 you can hassle-freely file tax returns without any mistakes. Follow the below steps to File 2290 Online:

Register for free

Sign up for free with an IRS authorized e-file provider like Form 2290 Filing. Returning users can log in to the e-file account and continue where you left.

Key in information

Provide business details i.e., business name, EIN, and business type and vehicle details i.e., VIN, gross weight, mileage limit, tax year, FUM etc.

Choose 2290 payment

After filling out the required details choose a payment method to pay excise taxes to the IRS. We have different payment methods to pay truck taxes. They are EFW, EFTPS, credit/debit, check or money order. Choose the best payment method and pay taxes safe and securely.

Review and transmit

Finally, before transmitting tax returns to the IRS ensure to check whether the business information matches with the EIN. Re-check the VIN entered on the Form. Submit the tax returns to the IRS within the deadline.

Suppose, if you have any credit vehicles, then follow the below guidelines for how to e-file Form 2290 & 8849:

• Enter the credit vehicle details to reduce the tax amount you owe to the IRS this tax period.
• The e-filing system then automatically deducts the credit amount form the actual tax amount and provides how much you owe to the IRS.
• When e-filing 2290 Form and adding credit vehicle details, Form 8849 is automatically generated. So, provide the credit vehicle information by attaching the proof to claim the credit.

How much does an IRS HVUT 2290 cost?

By e-filing IRS 2290s, you can submit numerous VINs at once for a tax year. The cost of e-filing depends on the number of vehicles you are filing a tax period for. E-filing cost for a single is very low compared to a fleet. If you are filing for a fleet i.e., more than 25, the cost is different. Choose the best and continue to e-file tax returns.