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Tag: HVUT

Who Must File HVUT Form 2290 in the 2023-2024 Tax Year?

Posted on June 9, 2023 - 9:52 am by
Who must file HVUT Form 2290?

If you own a commercial truck, you may be required to file HVUT Form 2290 for the 2023-2024 tax year. Failure to file or pay late can result in penalties, so it’s important to understand who must file, when, and how to file correctly. This blog will guide you through the process and provide helpful tips to ensure compliance with IRS regulations.

Who must file HVUT Form 2290?

As a commercial truck owner, you have a lot of responsibilities to keep your business running smoothly. One important aspect of truck ownership is understanding and complying with tax regulations, such as the HVUT Form 2290. 

This form is used to report and pay taxes on heavy vehicles operating on public highways, and failure to file or pay late can result in significant penalties. 

To help you navigate the filing process for the 2023-2024 tax year, we’ve compiled this guide to answer the question, “Who Must File HVUT Form 2290?” 

In this blog, we’ll explain the filing requirements, deadlines, and payment options, so you can stay compliant and avoid costly mistakes.

Sign Up Now & eFile Form 2290

What is HVUT Form 2290?

The Heavy Vehicle Use Tax (HVUT) Form 2290 is a tax form used by the Internal Revenue Service (IRS) to collect taxes on heavy vehicles operating on public highways. The tax applies to vehicles with a taxable gross weight of 55,000 pounds or more and is calculated based on the vehicle’s weight and mileage. 

The HVUT is an annual tax that truck owners must pay, and the funds collected are used to maintain and improve the country’s highways and infrastructure. Truck owners must file HVUT Form 2290 correctly and on time to avoid penalties and comply with IRS regulations.

How To Determine The Taxable Weight of Your Vehicle? 

To determine the taxable weight of your vehicle for HVUT Form 2290 purposes, you will need to know the following information:

  • The unloaded (empty) weight of the truck, trailer, and semi-trailer.
  • The weight of any trailers or semi-trailers customarily attached to the vehicle.
  • The manufacturer specifies the maximum load weight that the vehicle can carry.

To calculate the taxable weight, add the unloaded weight of the vehicle, the weight of any trailers or semi-trailers customarily attached to the vehicle, and the maximum load weight.

If the total weight is 55,000 pounds or more, the vehicle is subject to the HVUT tax. If the total weight is less than 55,000 pounds, then the vehicle is not subject to the HVUT tax. 

eFile 2023-24 Form 2290 & Get Schedule 1

How is The Tax Rate Calculated?

The tax rate for HVUT Form 2290 is based on the vehicle’s taxable gross weight and the month in which the vehicle was first used during the tax period. For most vehicles, the tax rate is $22 per 1,000 pounds of taxable gross weight, up to a maximum of $550 per year. For vehicles that were used for less than a full year, the tax rate is prorated based on the number of months the vehicle was used.

For vehicles considered “suspended” or exempt from the tax, such as those used for agricultural purposes or driven less than 5,000 miles per year, the tax rate is $0. However, these vehicles must still file the HVUT Form 2290 to claim the exemption.

Who Must File HVUT Form 2290 in the 2023-2024 Tax Year?

The filing requirements for the HVUT Form 2290 for the 2023-2024 tax year remain the same as in previous years. Any individual or business that owns and operates a heavy vehicle with a taxable gross weight of 55,000 pounds or more on public highways during the tax period, which runs from July 1, 2023, to June 30, 2024, must file the HVUT Form 2290 and pay the appropriate taxes. This includes trucking companies, owner-operators, and other businesses that use heavy vehicles for commercial purposes.

In addition, if a heavy vehicle was registered in your name during the tax period, but you didn’t operate the vehicle, you still must file HVUT Form 2290 and pay the taxes.

It’s important to note that if you acquire a heavy vehicle during the tax period, you must file HVUT Form 2290 and pay the taxes by the last day of the month after the vehicle was first used.

Sign Up Now & eFile Form 2290

Different types of vehicles that require HVUT Form 2290

The following types of vehicles are subject to the HVUT Form 2290 tax:

  • Heavy Trucks: Any vehicle with a gross weight of 55,000 pounds or more is subject to the HVUT tax. This includes heavy-duty trucks used for hauling cargo or other commercial purposes.
  • Buses: Buses used for commercial purposes, such as public transportation or charter services, are subject to the HVUT tax if their gross weight is 55,000 pounds or more.
  • Trailers and Semi-Trailers: Trailers and semi-trailers customarily attached to vehicles with a gross weight of 55,000 pounds or more are also subject to the HVUT tax.
  • Agricultural Vehicles: Certain vehicles used exclusively for agricultural purposes may be exempt from the HVUT tax if their gross weight is 55,000 pounds or more. However, these vehicles must still file HVUT Form 2290 to claim the exemption.

It’s important to note that the gross weight includes the vehicle’s weight, any trailers or semi-trailers, and the maximum load weight specified by the manufacturer. If vehicles meet the weight criteria and are used on public highways, they must file the HVUT Form 2290 and pay the appropriate taxes.

eFile HVUT Form 2290 For 2023-24 Tax Year

Exemptions From Filing the HUVT Form

There are several exemptions from filing the HVUT Form 2290:

  • Light Vehicles: Vehicles with a gross weight of less than 55,000 pounds are not subject to the HVUT tax. If your vehicle weighs less than 55,000 pounds, you must not file the HVUT Form 2290 or pay the tax.
  • Agricultural Vehicles: Certain vehicles used exclusively for agricultural purposes may be exempt from the HVUT tax if their gross weight is 55,000 pounds or more. To qualify for this exemption, the vehicle must be registered under the owner’s name or the entity that operates it, and it must be used exclusively for farming purposes. 

This includes vehicles transporting agricultural products, livestock, or machinery to or from a farm. However, these vehicles must still file HVUT Form 2290 to claim the exemption.

  • Logging Vehicles: Vehicles used exclusively for transporting harvested forest products are exempt from the HVUT tax. To qualify for this exemption, the vehicle must be registered under the owner’s name or the entity that operates it, and it must be used exclusively for logging purposes.
  • Government Vehicles: Vehicles owned and operated by the federal government, state governments, local governments, or Indian tribal governments are exempt from the HVUT tax. This includes vehicles used for military purposes, public safety, or other government operations.
  • Blood Collector Vehicles: Vehicles used by blood collector organizations are exempt from the HVUT tax if used exclusively for blood collection. To qualify for this exemption, the vehicle must be registered under the name of the blood collector organization, and it must not be used for any other purpose.
  • Mobile Machinery: Vehicles not designed for transportation on public highways, such as cranes or well-drilling equipment, are exempt from the HVUT tax. To qualify for this exemption, the vehicle must be used exclusively for its intended purpose and not for transportation on public highways.

It’s important to note that even if a vehicle is exempt from the HVUT tax, it may still be required to file the HVUT Form 2290 to claim the exemption. Additionally, if a vehicle is used for a non-exempt purpose during the tax period, the owner or operator must file the HVUT Form 2290 and pay the appropriate taxes.

Sign Up Now & eFile Form 2290

When to file HVUT Form 2290?

The HVUT Form 2290 must be filed annually by the owner or operator of any taxable vehicle with a gross weight of 55,000 pounds or more. The tax year for HVUT Form 2290 runs from July 1st to June 30th of the following year.

For the 2023-2024 tax year, the HVUT Form 2290 can be filed starting from July 1, 2023. The deadline to file the form and pay any taxes owed is August 31, 2023.

If a new vehicle is in service during the tax year, the HVUT Form 2290 must be filed by the last day of the month following the month the vehicle was first used. For example, if a new vehicle is in service on September 15, the HVUT Form 2290 must be filed by October 31.

File HVUT Form 2290 Online For 2023-24

eFile Form 2290 With The IRS Authorized e-Filing Provider Ez2290

When filing your HVUT Form 2290, choosing the right e-filing provider is crucial for a stress-free and streamlined experience. Ez2290 is an IRS-authorized e-filing provider that offers a range of features and benefits to make e-filing your HVUT Form 2290 as easy and convenient as possible. Here are some reasons why you should consider e-Filing your HVUT Form 2290 with Ez2290:

  • Free VIN Correction: If you make a mistake entering the Vehicle Identification Number (VIN) on your HVUT Form 2290, it can lead to delays in processing and potentially even penalties. With Ez2290, you can make unlimited VIN corrections for free.
  • Automatic Tax Calculations: Ez2290’s e-Filing system automatically calculates the tax owed based on your vehicle’s weight and other factors, so you don’t have to worry about doing the calculations yourself.
  • Bulk Upload Feature: If you have multiple vehicles to file for, Ez2290 offers a bulk upload feature that allows you to upload all your vehicle information simultaneously, saving you time and effort.
  • Bank-Grade Security: Your sensitive information is protected by Ez2290’s bank-grade security measures, so you can rest assured that your data is safe.
  • Penalty Prevention: If you file your HVUT Form 2290 late or make errors, you may be subject to penalties and interest charges. Ez2290’s e-filing system helps prevent these penalties by filing your form accurately and on time.

In addition to these features, Ez2290 offers 24/7 customer support to answer any questions about the e-filing process. With these benefits and more, Ez2290 is a top choice for anyone looking to e-file their HVUT Form 2290 quickly, easily, and securely.

Sign Up Now & eFile Form 2290

Get Ready for HVUT Season – Tax Tips for Truckers

Posted on June 9, 2023 - 6:45 am by
Get Ready for HVUT Season

When it comes to HVUT, it’s never too early to start preparing for it. As a trucker, getting your taxes in order can be complex, and starting well in advance is crucial. In this blog post, we’ll share some practical tax tips that will help you prepare for the HVUT season and avoid any last-minute headaches.

Tax season can be stressful for everyone, but it can be especially daunting for truckers. The Heavy Vehicle Use Tax (HVUT) is an annual tax that must be paid by all truckers operating vehicles weighing 55,000 pounds or more. 

As the HVUT season approaches, getting your tax affairs is essential to avoid penalties and unnecessary headaches. This blog post will share valuable tips to help you prepare for the HVUT season and stay on top of your tax obligations.

So let’s get started!

Get Ready for HVUT Season

eFile 2023-24 Form 2290 & Get Schedule 1

HVUT Demystified: Understanding the Significance of Heavy Vehicle Use Tax for Truckers

HVUT is a federal tax imposed on heavy vehicles with a gross weight of 55,000 pounds or more, and it’s an annual tax that must be paid to the Internal Revenue Service (IRS). The funds collected from HVUT are used to maintain and improve the nation’s highways, which makes it a crucial part of the trucking industry.

The HVUT season runs from July 1st to June 30th of the following year, and the tax must be paid before the deadline to avoid penalties and interest charges. Failure to comply with the HVUT can result in significant fines, negatively impacting your business.

Apart from complying with the law, paying HVUT can benefit your business in several ways. For instance, paying the tax entitles you to a stamped Schedule 1, which is necessary for registering your vehicle and renewing your license plates. Additionally, paying HVUT can help you claim a tax deduction for the expenses incurred while operating your heavy vehicle.

It’s worth noting that certain exemptions and exclusions are available for vehicles used in specific operations, such as agriculture, logging, and government. For instance, if you use your vehicle primarily for farming purposes, you may be eligible for an exemption from the HVUT. However, to qualify for these exemptions and exclusions, you must provide sufficient documentation and meet specific criteria.

Sign Up Now & eFile Form 2290

HVUT Tax Tips for Truckers

Preparing for the HVUT season can be daunting, but with the right approach, you can streamline the process and ensure you’re fully compliant with the law. Here are some essential tax tips that can help you get ready for the upcoming HVUT season:

Organize Your Records And Documentation

Organizing your records and documentation is essential for preparing your HVUT tax return accurately and efficiently. It helps you keep track of your mileage, fuel purchases, and maintenance expenses, which can be used to claim deductions and exemptions that can lower your tax liability.

Here are some specific documents you should gather and organize when preparing for the HVUT season:

  • Vehicle information: This includes the make, model, year, and vehicle identification number (VIN) of your heavy vehicle. You will need this information when filing your tax return.
  • Mileage records: Keeping track of your mileage is crucial for determining your HVUT tax liability. You should maintain a logbook that records the date, starting and ending odometer readings, and the purpose of each trip.
  • Fuel records: Fuel purchases are a significant expense for truckers, and keeping track of them is crucial for claiming a fuel tax credit. You should maintain records of all fuel purchases, including the date, location, amount, and cost.
  • Maintenance records: Regular maintenance is essential for ensuring your vehicle is safe and reliable. You should keep records of all maintenance and repair work, including receipts and invoices.
  • Proof of payment: When filing your HVUT tax return, you must provide proof of payment, such as a canceled check, credit card statement, or electronic payment receipt.
  • Exemption and suspension documents: If you’re eligible for an exemption or suspension from the HVUT, you must provide supporting documents, such as agricultural or logging use proof.

eFile HVUT Form 2290 For 2023-24 Tax Year

Review Previous Tax Returns

Reviewing your previous tax returns is essential in preparing for the HVUT season. It can help you identify any errors or omissions that may have led to penalties or interest charges and identify areas where you can improve your tax planning and reduce your tax liability. 

Here’s a more detailed explanation of how to review your previous tax returns:

  • Look for errors or omissions: Review your previous tax returns and look for any errors or omissions that could result in penalties or interest charges. For example, you may have missed a deduction or credit you were eligible for or made a mistake in calculating your tax liability.
  • Identify areas for improvement: Reviewing your previous tax returns can help you identify areas where you can improve your tax planning and reduce your tax liability. For example, you may have overlooked deductions or credits that could have lowered your tax bill or missed a deadline that resulted in penalties or interest charges.
  • Check for consistency: Make sure that your previous tax returns are consistent with each other. Check that the income, deductions, and credits reported in your previous tax returns are accurate and consistent with your current records.
  • Verify personal information: Double-check that your personal information, such as your name, social security number, and address, is correct and up-to-date. Incorrect personal information can lead to delays and errors in tax return processing.
Sign Up Now & eFile Form 2290

Keep Up With Changes In The Tax Law

Keeping up with changes in the tax law is critical for truckers to ensure compliance with HVUT and other tax laws. Tax laws change frequently, and failure to comply with these changes can lead to penalties, fines, and even legal trouble. Here are some tips on how to stay up-to-date with tax law changes:

  • Subscribe to IRS updates: The IRS provides regular updates on tax law changes, including new regulations, tax rates, and deadlines. You can subscribe to their email updates to receive the latest information directly in your inbox.
  • Read industry publications: Industry publications like trucking magazines and newsletters often feature articles on tax law changes and how they impact truckers. Subscribing to these publications can help you stay informed about the latest developments.
  • Attend tax workshops and seminars: Tax workshops and seminars are a great way to stay up-to-date with tax law changes and learn how to comply. Many industry associations and professional organizations offer tax-related training and education for their members.
  • Consult with a tax professional: A tax professional can provide valuable guidance and advice on tax law changes and how they impact your business. They can also help you prepare your tax returns and ensure compliance with all relevant laws and regulations.

File HVUT Form 2290 Online For 2023-24

Use an HVUT Software or Service

Using HVUT software or service can make the HVUT season easier and more efficient for truckers. An HVUT software or service, such as EZ2290, an IRS-authorized service provider, can help truckers prepare and file their HVUT returns quickly and accurately.

With HVUT software or service, truckers can save time and effort by automating many tasks in preparing and filing their HVUT returns. This includes calculating the tax owed, completing the forms, and submitting the return to the IRS electronically.

Using a reliable and trusted HVUT service provider like EZ2290 can also help truckers avoid errors and penalties from mistakes made when filing the return manually. EZ2290’s user-friendly interface and helpful support team can guide you through the entire process, ensuring that your return is accurate and compliant.

Sign Up Now & eFile Form 2290

Conclusion

As the HVUT season approaches, truckers must prepare for their tax obligations in advance. By organizing records and documentation, reviewing previous tax returns, keeping up with changes in the tax law, seeking professional tax advice if needed, and using an HVUT software or service like EZ2290, truckers can ensure a smooth and efficient filing process.

Failing to file or pay HVUT taxes on time can result in costly penalties and fines, which can be avoided by following the tax tips outlined in this article. By taking these steps, truckers can reduce the stress and burden of HVUT season while ensuring compliance with HVUT regulations.

Calculating Federal Excise Tax HVUT For Heavy Trucks, Trailers, And Tractors

Posted on August 11, 2022 - 9:11 am by
How To Calculate HVUT For Heavy Trucks

A simple way to calculate your HVUT tax accurately and file your 2290 tax forms online.

The Federal Highway Administration (FHWA) requires truck owners, fleet owners, and trucking businesses to pay a certain amount of tax on the heavy vehicles that utilize the federal highways for transportation.

This is because heavy trucks wear off the highways a lot faster than lighter vehicles. The inherent heaviness of the vehicles in addition to the load weight that the vehicles transport, has an impact on the highways.

As a result, the federal highway administration through the IRS collects a small amount of tax from heavy vehicle owners.

Regardless of the number of owners a heavy vehicle has, the federal excise tax, HVUT must be paid, and the 2290 forms must be filed.

But of course, not all vehicles qualify for HVUT taxes. 

The motor vehicles that meet the federal highway vehicle usage requirements qualify for HVUT, and the vehicle owners must pay the computed tax.

The following discussion will cover all the important aspects of HVUT and help you learn the simplest way to calculate the HVUT for your heavy highway vehicle.

So, let’s get started.

What Is HVUT?

Heavy Highway Vehicle Usage Tax or HVUT is a federal excise tax imposed on heavy vehicles, such as trucks, tractors, truck-tractors, combination trucks, and other heavy vehicles that utilize the highways to transport goods, materials, and commodities.

The IRS Form 2290 exclusively deals with HVUT tax information reporting. 

Businesses and individuals who own and operate heavy trucks weighing 55,000 pounds or more are required to prepare and file their HVUT tax form 2290 to the IRS.

In addition to reporting the HVUT tax, the trucking business also needs to pay the HVUT tax owed to the IRS. The tax is calculated basing the gross taxable weight of the vehicle and the month in which the vehicle was first operated on highways.

Why Do You Need To Pay HVUT 2290 Tax?

HVUT tax is a federal excise tax. 

This means it’s a federal tax mandate that every trucking business and truck owner must follow. 

HVUT 2290 tax is also a significant source of transportation funding.  

The HVUT taxes, collected throughout the June-July cycle, are used for federal highway infrastructure.

The funds are specifically used for a variety of safety and highway development programs, including but not limited to:

  • Highway infrastructure
  • Highway improvements & maintenance
  • Bridge maintenance activities
  • Highway law enforcement
  • Congestion relief projects
  • Local highway safety programs
  • Research, engineering, and alike activities
  • Safety programs, such as driver education and training, vehicle inspection programs, vehicle size, weight enforcement, and others.

How To Calculate HVUT For Heavy Trucks, Trailers, and Tractors?

Let’s understand the HVUT tax computation with an example.

Say, you own a highway truck that you typically use to transport commercial goods.

The vehicle weighs 56,000 pounds, and you started operating the vehicle on the highway in February for the first time.

Remember that a heavy vehicle that weighs about 55,000 pounds is taxed at $100. 

With every 1000 pounds, the vehicle adds to its gross weight, an additional tax of $22 is added.

The tax computation for this use case would be as follows.

Tax rate for vehicle weighing 56,000 pounds = $122

$100 for 55,000 pounds + $22 for the 1000 pounds in excess of the 55,000 pounds.

Now, assume that the gross weight of the vehicle (the unloaded, “empty” weight of the vehicle including the operational equipment and installations) increased during, say April, to 58,000 pounds.

Note: 2290 Amendment form must be filed to report an increase in the gross taxable weight of the vehicle.

The additional tax would be $22 x 2000 pounds = $44.

Add this amount to the total tax above, which brings the net tax payable to $122 + $44 = $166 (before deductions)

If you’ve received a refund from the IRS for overpaying your HVUT taxes previously, then such an amount must be deducted from the net tax payable.

The product after the subtraction is the total net tax you owe to the IRS.

So, assuming that you received $50 in HVUT tax refund, the total net tax payable is $166 – $50 = $116

You must prepare and file a 2290 form to report the same to the IRS and pay your HVUT.

Calculate HVUT For Free

Note: HVUT is applicable on both agricultural and non-agricultural vehicles. However, the logging status of the vehicle will imply a slight change in the tax rates applicable. Qualified logging vehicles are taxed at $75, which is $25 less than the tax imposed on non-logging vehicles (which are taxed at $100).

Where To eFile HVUT Form 2290 & Pay HVUT Tax Online

Preparing your HVUT 2290 forms and paying your HVUT with an IRS-authorized eFile provider, like EZ2290, is a good start.

Over 10,000 trucking businesses like yours trust EZ2290 for its convenient eFiling experiences and seamless bulk 2290 eFiling solutions.

EZ2290 offers a simple 5-step process to eFile your 2290 and pay the 2290 tax online.

Step 1: Create your FREE EZ2290 account

Step 2: Import your vehicle & business data SECURELY

Step 3: eFile your 2290 tax forms QUICKLY

Step 4: Pay your 2290 tax via available ONLINE payment options

Step 5: Get IRS-stamped Schedule-1 INSTANTLY

Get Started For Free & File Your 2290 Forms

Other Useful Reads From Ez2290 Blog

Form 2290 Heavy Highway Vehicle Use Tax Guide For 2022-23 Tax Year

Posted on May 31, 2022 - 11:12 am by
Form 2290 Heavy Highway Vehicle Use Tax Guide

A useful guide to help you fill out Form 2290 and eFile the HVUT Form 2290 for the 2022-2023 tax year.

Every year, millions of trucking companies file their 2290 forms. 

The HVUT Form 2290, as the name suggests, reports certain information on the heavy vehicles that utilize highways in a particular period. 

The 2290 filing season is just around the corner. And this gives you the perfect opportunity to review your 2290 forms before you submit them to the IRS. 

If you’ve prepared your 2290 forms already, use this guide to just double-check your 2290 reports. 

And if you haven’t prepared your 2290 forms yet, use the following guide to draft and eFile your 2290 returns easily. 

Although the fast-approaching deadlines can make the whole process seem a bit intimidating, filing your 2290 forms isn’t that hard.

The trick is in gathering all the necessary information required to prepare your 2290 files. 

And if you already have all the information (business and vehicle details), then 50% of the job is done. 

What remains is putting the pieces together and filing the HVUT form. 

But wait.

Before you get to the 2290 filing, let’s take a quick look at the new draft of Form 2290 revised for the July 2022 filing season. 

Now, let’s get to the real reason why you clicked on this read. 

Your simple guide to eFile Form 2290 in 5 super-quick steps. 

So, let’s get started.

Table of Contents

  • Before You Prepare Your 2290 Tax Return
  • Pay Attention To EIN/TIN And Legal Name
  • Report Tax Suspension Details
  • Figuring Out Your HVUT
  • Verify VINs Before You Report
  • Fill Out Schedule 1
  • eFile Form 2290 In 5 Quick Steps

Before You Prepare Your 2290 Tax Return 

Businesses are in a rush to file Form 2290. 

As a result, they miss out on reporting some critical information. Be it vehicle category or tax suspension details. 

So, before you start preparing your 2290 tax returns, take a couple of minutes out of your precious time and use the following checklist to gather the information needed. 

This will enable you to prepare and file your 2290 forms much more efficiently. 

  • EIN or TIN
  • Legal Name
  • Business Address 
  • The Month of First Use 
  • Vehicle identification number 
  • The gross weight of the vehicle
  • Vehicle category 
  • Vehicle logging status 
  • Tax suspension details 
  • Number of vehicles for which you’re reporting
  • Other information

Pay Attention To EIN/TIN And Legal Name 

The taxpayer identification number or employer identification number is assigned by the IRS to business entities. It’s used for identifying a business with a designated code – the TIN. 

Now, trucking companies must report their EINs or TINs in the “EIN” box of the 2290 form and specify the legal name or the doing business as (DBA) name.

This allows the IRS to identify and validate your 2290 reports quickly and effectively.

However, some trucking companies, in a hurry to submit their 2290 forms by the deadline, omit TIN reporting, which results in file rejections and TIN discrepancy assessments from the IRS. 

Remember to verify your TIN and legal names before you report them on any IRS form. This will save you from B-notices and incorrect TIN penalties (up to $250 per incorrect TIN reported).

Report Tax Suspension Details 

You don’t have to pay HVUT for vehicles that are suspended from HVUT. However, you still need to report the vehicle details to retain the tax suspension status.

So, let’s assume that you own a couple of trucks that utilize the highways within the 5000-mile limit. You don’t have to pay HVUT for this. But you need to report this information in the HVUT form. 

However, when your vehicles exceed this 5000-mile limit, the tax suspension status will be revoked, and you will have to start paying HVUT from that period. 

The same reporting rules apply to agricultural vehicles as well. However, for agricultural vehicles, the mileage use limit is 7500 miles, exceeding which would require the truck owners to pay the HVUT.

Figuring Out Your HVUT Tax

Use the “tax computation” section on Page 2 to calculate your taxes. 

HVUT Tax

If you’re filing for non-logging vehicles (non-agricultural vehicles), then just review the weight of your vehicles and enter the number of vehicles. Calculate the tax by multiplying the tax range by the number of vehicles. 

For example: 2 trucks weighing 56,000 pounds x $122 (annual tax) = $244 (amount of tax)

Now, check if you have any vehicles that were reported for an increase in the taxable gross weight. 

If you have paid additional tax for such vehicles, then add the additional amount to the computed tax amount as derived above. The sum is the total tax you owe. 

Alternatively, you can just skip calculations and just focus on reporting your vehicle information with EZ2290. 

You see, EZ2290’s dynamic HVUT calculator calculates the tax in the background as you enter the vehicle information, giving you peace of mind. 

Just focus on reporting, we will take care of the tax computations. 

Calculate HVUT Now

Verify VINs Before You Report 

Before you get to reporting your VINs, try verifying them for accuracy. 

Every character in your VIN must be in accordance with your vehicle records. 

Otherwise, you’re paying HVUT for vehicles that either don’t exist or don’t belong to you. 

So, verify your Vehicle Identification Numbers (VINs) before you report. 

You can use readily available tools online to verify your VINs. 

Try this free tool, for example. It provides a comprehensive report on your vehicle for free and provides all the information you need to validate your VINs. 

However, human errors are common. 
So, if you’ve previously reported an incorrect VIN, just file a 2290 VIN Correction form instead and correct your VINs quickly.

Fill Out Schedule 1

This is the easiest part of the whole reporting regime (Or the hardest if you don’t have the vehicle information by your side).

 In order to fill out Schedule 1, you need your business information (address, legal name, and EIN) and vehicle information (vehicle identification number and vehicle category). 

Just enter the VINs and the corresponding vehicle categories in the form. 

Don’t forget to fill out both copies of Schedule 1. This is important because one copy of the form will be signed and stamped by the IRS, and will be sent back to you as “proof of payment” of HVUT. 

Note: 2290 proof of payment is necessary when you want to follow up with the IRS for 2290 Amendments and other filing requests.

eFile Form 2290 In 5 Quick Steps 

With EZ2290, you can prepare and eFile your 2290 returns in just 5 super-quick steps!

Step 1: Create your free EZ2290 account

Go to your EZ2290 dashboard and select 2290 eFile

Step 2: Prepare your 2290 forms online

Import your vehicle data with Excel and populate the forms. At this point, you can switch to Managed Services from EZ2290 to automate the form population and eFile process. 

Alternatively, you can choose to do this manually.

Step 3: Validate your 2290 reports

Use real-time TIN matching from EZ2290 and verify your EIN. This is especially useful if you’re a paid preparer who is filing for multiple clients.

Validate VINs to reduce VIN correction instances. 

Step 4: Submit Form 2290 to the IRS

Select a payment method and pay your HVUT. We will transmit your 2290 forms directly to the IRS. 

Step 5: Get IRS-stamped Schedule 1 instantly!

Once your 2290 eFiles are processed successfully, you will be able to download your IRS-stamped Schedule 1. 

Further, the digital copy of stamped Schedule 1 will be stored on the cloud, enabling you to view the file as needed. 

Get Started Now & eFile Form 2290

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