What is HVUT?
The usage of public highways by vehicles with registered gross weight equal to or exceeding 55,000 pounds leads to the payment of Heavy Vehicle Use Tax (HVUT). The payment for use would depend on the gross weight of the vehicle and the load carried. The gross weight of the vehicle is the sum of the weight of the motor vehicle & the trailers when empty. The load carried is the maximum of the load carried through the vehicle and the trailers.
Who must file Form 2290?
The owners of the heavy vehicles need to report HVUT each year for the tax period (July 1 of the existing year to June 30 of the following year). The Form 2290 and Schedule 1 is used to report Heavy Vehicle Use Tax paid for the vehicle with registered gross weight equal to or exceeding 55,000 pounds, under State, District of Columbia, Canadian or Mexican Law after its first use.
What is required for Form 2290?
Business Name and address, EIN (Employer Identification Number) etc., of the Trucking Company.
Vehicle Identification Number (VIN) and Gross Taxable Weight of the Vehicle for which HVUT is paid
The routing number and the account number of your bank account for direct debit to the IRS of the tax due.
When to file Form 2290?
The deadline for HVUT each year is August 31st. The due date for Form 2290 is the last day of the second month following the end of the tax period on June 30th (from July 1). For new vehicles, the tax to be paid is 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. You need to report the tax paid up to the deadline: August 31st.
How to file Form 2290?
Through any intermediate service providers of the IRS e-file program for excise taxes, such as ExpressTruckTax.com, or through any electronic return originator (ERO), transmitter etc., Form 2290 can be filed electronically along with the payment for HVUT. Visit the IRS website www.irs.gov/trucker to know more about the IRS e-file providers.
As an IRS authorized e-file provider, ExpressTruckTax supports Form 2290, Form 8849 and Form 2290 Amendments. To learn more click here.
File Your Form 2290 NowPaper: To report tax paid through check or money order for paper-filing, use Voucher Form 2290-V along with the filled Form 2290 and send to the address below:
Where to File
Mail your Form 2290 to:
Form 2290 with full payment:
Internal 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
For paying HVUT late (after August 31st each year) 4.5% of the total tax due is charged for every month up to 5 months. For filing late as well as paying tax late, an additional monthly penalty of 0.5% of the total tax due would be charged along with an extra interest charge of 0.54% per month for the tax due.
