Safety Checklist for IRS HVUT Form 2290

Gather 2290 information

Employer Identification Number:

EIN plays an important role in filing Form 2290. It is used to identify the business entity when filing tax returns to the IRS. Ensure to apply for an EIN beforehand to avoid Form 2290 rejection with invalid EIN.

Vehicle Identification Number:

VIN acts as the DNA of the heavy vehicle. Vehicle Identification Number plays a major role in filing HVUT returns. With the help of VIN, the road tax can be paid and helps in the register of the vehicle under the state DMV.

First Use Month of vehicle:

FUM of the vehicle is the month in which the vehicle first hit the public roads in a calendar year. With the help of FUM of the vehicle, the trucker can determine the deadline to file tax returns.

Vehicle category:

It is used to determine whether a trucker is required to pay truck taxes or not. With the help of the vehicle category, the trucker can pay HVUT or claim a credit against HVUT paid.

Know HVUT payment

Before filing HVUT Form 2290, you’re responsible to know the different HVUT payment methods. The Heavy Vehicle Use Tax can be paid through credit or debit cards, EFW, EFTPS, or through check or money order. To be free from 2290 penalties, make your road tax payment on time. Calculate the road taxes by summarizing FUM, gross weight, and mileage limit of the vehicle. Moreover, pay 2290 taxes accurately to the IRS to be safe from 2290 rejections.

How to Claim 2290 refunds?

You must know about claiming 2290 refunds along with Form 2290 filing. The truckers can request a 2290 refund for the previously paid 2290 taxes when the vehicle doesn’t cross the mileage limit in a tax period. You can use last year’s credit claims for the current year’s Heavy Vehicle Use Tax payment. To claim the credit, the trucker is required to apply for 2290 credit by showing the necessary proof about the vehicle. The IRS process the refund claims after checking the information provided.

Decide how to file 2290 Form

Before filing a 2290 Tax Form, you need to decide either to paper file or e-file HVUT returns. As per the IRS guidelines, it is mandatory to e-file Form 2290 when submitting 25 or more than 2290 return forms for a tax period. If you are filing tax returns for less than 25 vehicles, then you can submit them through paper filing. E-filing 2290 Forms is quicker than manual filing. The IRS recommends every trucker choose e-filing for fewer tax returns.

Is it necessary to have 2290 filing software?

You should also be aware of 2290 software. Either you need to download or gather it from anywhere.

E-filing is better when filed with an IRS trusted e-file provider. When you search for an e-file provider you will get numerous ones. Among all those, pick out a 2290 filing software that satisfies your needs. This includes experience with accurate results, bank-level security software, and US-based a chat support team to guide. Form 2290 filing satisfies the above features. So, even if you’re filing 2290 returns on the last date, we will let the truckers file hassle-freely.

When to file 2290 Form?

You need to be aware of 2290 filing deadlines before start filing 2290 Tax Forms. If you get to know about this information, then you’ll be relieved from the 2290 Form penalties and interests. The Heavy Vehicle Use Tax returns are due to the IRS by August 31st annually. When you purchase a new vehicle 2290 Tax Form is due to the IRS by the last day of the following month of purchase.

Keep track of 2290 filing

Don’t forget to keep a track of 2290 filing history. The IRS conducts audits to check whether the truckers are paying 2290 taxes regularly or not. Record-keeping helps to be free from IRS audits. Keeping track of 2290 filing history is possible by e-filing. The e-filing system software automatically uploads the filing information to the cloud storage which is stored for nearly up to 4 years.