Form 2290 Due Date : E-File IRS Form

form 2290 due date

Form 2290 due date is approaching, ensure timely filing using tax2efile application

Form 2290 is an annual Federal tax return that helps pay taxes for the heavy vehicle, for the tax year. For heavy vehicles with a taxable gross weight of 55000 pounds or more, the Internal Revenue Service requires the taxpayers to file Form 2290, by 31st August of every tax year. 

Due dates to file IRS Form 2290:

Truck owners have to submit their IRS Form 2290 for their heavy vehicles by 31st August of every tax year. The tax period for filing HVUT taxes for 2022-23 begins on July 1st and ends on August 31st. 

Generally, the trucking businesses will operate their vehicles by July, during every tax period. The deadline to file the taxes is August 31st. For vehicles with FUM, other than July, and for newly purchased vehicles, the due date is the last day of the month, of the vehicle’s first use. For example, if November is the FUM of the vehicle, the due date to file its HVUT taxes is 31st December.

If the truck owners place an additional taxable truck on their name during any month, other than July, they should file HVUT tax Form 2290. The taxes will prorate for months, it was in service. Truck owners should file Form 2290 for these trucks, in the last month, following the month, the vehicle was on public highways.

What if you miss the due date for Form 2290?

If you do not file Form 2290 within the deadline, the truck owners have to pay penalties to the IRS. Failing to file tax returns within the deadline, attracts a penalty of 4.5% of the total tax amount due. The tax will increase every month for up to five months. If you miss making an HVUT payment, the penalty is 0.5% of the total tax amount due. It will also incur an additional interest of 0.54% every month.

What information is required to File Form 2290?

Truck owners and truck businesses should have the following information ready to file their HVUT taxes with the IRS.

  • Name of the business
  • Business address
  • Employer Identification Number
  • The first use month of the vehicle
  • Vehicle Identification Number
  • The taxable gross weight of the vehicle
  • Payment method for HVUT. 

How to file Form 2290 without missing a deadline?

It is not uncommon for taxpayers to miss the deadline while filing HVUT Tax Forms. Thus, the best option is to pre-file the tax papers with a credible service provider. The pre-filing window will be open from 1st to 30th June. Pre-filing will submit the tax forms with the IRS, as soon as it opens its window, thus preventing late filing. 

E-file Form 2290 With  Tax2efile

The IRS recommends users to e-file Form 2290, as it is quicker and easier. E-filing allows taxpayers to get the stamped Schedule 1 copy of their tax returns in minutes. Tax2efile is one of the best portals to e-file and pre-file tax returns within the deadline. E-filing through Tax2efile transmits the returns to the IRS within minutes, and gets the stamped schedule 1 copy instantly.