What is HVUT?
If you have a heavy vehicle operating on public highways, with registered gross weight equal to or exceeding 55,000 pounds, you need to pay a tax annually called the Heavy Vehicle Use Tax (HVUT). The tax would depend on the gross taxable weight of a vehicle which is the sum of the unloaded weight of the motor vehicle, the trailers and the maximum load customarily carried on-road by the truck-trailer combination.
Who must file Form 2290?
You need to register your vehicle with registered gross weight equal to or exceeding 55,000 pounds, under State, District of Columbia, Canadian or Mexican Law during its first use and report the HVUT for the tax period (July 1 of the existing year to June 30 of the following year) through form 2290 and Schedule 1.
What is required for Form 2290?
- Business Details:
Business Name and address, EIN (Employer Identification Number) - Vehicle Details:
Vehicle Identification Number (VIN) and Gross Taxable Weight of the Vehicle - Account Details:
For direct debit to the IRS, the routing number and the account number of your bank account.
When to file Form 2290?
Heavy Vehicle Use Taxes for the tax period July 1st to June 30th is reported using form 2290 by August 31st each year. For new vehicles, you need to report HVUT from the last day of the month following the month of first use. For example, if you have registered the first use of your vehicle in January, you need to report HVUT from the month of February.
How to file Form 2290?
Form 2290 can be filed electronically through any electronic return originator (ERO), transmitter, and/or intermediate service provider (ISP) participating in the IRS e-file program for excise taxes, such as ExpressTruckTax.com. Visit the IRS website www.irs.gov/trucker to view more information on IRS e-file providers.
ExpressTruckTax is an IRS authorized Form 2290, Form 8849 and Form 2290 Amendments e-file provider. We have streamlined the process of e-filing your Form 2290 and paying Heavy Vehicle Use Tax (HVUT) in the simplest way. Read More.
Paper: Mail Form 2290 to the address provided under Where to File. If you haven’t chosen the electronic filing then mail Form 2290-V and your check or money order with Form 2290.
Where to File
If you are not filing electronically, mail Form 2290 to:
Form 2290 with full paymentInternal Revenue Service,
P.O. Box 804525.
Cincinnati, OH 45280-4525.
Form 2290 without payment due or using EFTPS for payment:
Department of the TreasuryInternal Revenue Service,
Cincinnati,
OH 45999-0031.
Penalties
The penalty for failing to file IRS Form 2290 by August 31st is equal to 4.5% of total tax due, assessed on a monthly basis up to 5 months. If you don’t file on time and made late payment then also you have to make an additional monthly penalty equal to 0.5% of total tax due and extra interest charges of 0.54% per month.
