IRS 2290 is also called a heavy vehicle use tax. It is a tax that is applicable for vehicles like buses, truck tractors, and trucks that are used on public highways. Here it is important to note that not all the vehicles which are classified as heavy vehicles are required to make payment for the dues. The vehicles with a total weight of 55,000 pounds and more are under the obligation of paying HVUT form 2290. Other vehicles like pickup trucks, panel trucks, and vans do not need to pay this tax due to the fact that the gross weights of these vehicles do not exceed or reach the limit. Due to the weight which is carried by heavy vehicles, it is completely unavoidable for damages and accidents to happen. The fees which are collected are further used for repairing and maintaining the damages which are caused to the public highways.
How is Form 2290 Filed?
There are two basic procedures of filing form 2290 and they are through paper and electronic filing. There are different methods of initiating the e-filing 2290 Form. Operators can file the form for themselves by making use of documents that are present on the IRS website. Filing all kinds of taxes is a complicated procedure and the same applies to IRS form 2290 filing. If a particular operator hesitates in entering the undertaking then there are several online companies that can offer proper assistance. The companies are very good at providing the required services either for owners with a fleet or individual operators.
Paper Filing of Form 2290
Paper filing is another option but it might be much more complicated in comparison to e-filing. Owners of heavy vehicles are requested the required documents through the phone. Fleet owners or individual operators looking forward to filing the documents themselves should have this in mind that they can easily visit or schedule an appointment with TAC or the local Taxpayers Assistance Center. TAC is an organization that helps people facing various tax dilemmas including the filing of 2290 forms. Very similar to e-filing, third party representative services might be required in this category.
Requirements to Keep in Mind
When going through a taxable total weight of a particular vehicle, it is necessary to keep in mind that some states might have varied requirements. Such requirements include gross weight classifications, original unload weights, and exact gross weights. It is important for individual operators to have a clear idea about these requirements prior to processing all their documents. If they overlook these important details, it will add to their burden of paying taxes. The filing and the payment of heavy vehicle use tax come as a relief for the government as well as the taxpayer. The revenue collected is not only used for road repairs and maintenance but even for road works, road de-congestion, and road widening.