Today July 1st marks the start of filing Form 2290 for the 2022-23 tax year. The IRS has officially started accepting Form 2290, which means the time to file is now. All stamped Schedule 1’s have officially expired as of Midnight on June 30th. This means in order to get up-to-date tags or your vehicle registration you must file form 2290 in order to get your current stamped Schedule 1. The stamped Schedule 1 is important and a copy should be kept in your vehicle in case you get pulled over.
What is Form 2290?
Form 2290 for the Heavy Vehicle Use Tax (HVUT) must be filed if a vehicle weighs more than 55,000 pounds. If a qualifying vehicle drives less than 5,000 miles a year or less than 7,500 miles if it is used for agricultural purposes, Form 2290 must still be filed with the IRS but you will be exempt from paying the tax.
When is the Deadline to File Form 2290
If your vehicle has been on the road for more than a year or is just being put on the road for the first time this month, the deadline to file Form 2290 is August 31st at midnight. It is better to file your Form 2290 before then though because the IRS gets backed up this time of year and the longer your wait, the longer it might take to receive your stamped Schedule 1.
ExpressTruckTax is the Form 2290 Solution for You
Wondering where to file your form 2290? Look no further than ExpressTruckTax. ExpressTruckTax is the market-leading Form 2290 e-filer that provides stress-free Form 2290 e-filing in just a few simple steps. Simply enter your business information, details about your vehicle, how you wish to pay your tax, and you are finished once you pay the filing fee. There are several convenient ways to pay for your Form 2290 tax including EFW, check or money order, EFTPS, and credit or debit card.
When Selecting EFW (electronic funds withdrawal), you will enter your bank account information and as soon as the IRS accepts your Form 2290, it will withdraw the amount. If you select any of the other options you will have to do a few more steps in order to ensure that your HVUT is paid to the IRS. For check or money order, you will receive a voucher that will tell you where to send your payment. For EFTPS, you will go to eftps.gov to make your payment, but if you do not have an account you will need to create one. For credit or debit card payments, you will need to go to the IRS website and select one of their listed credit card processing sites to make sure your tax is paid.
Once you E-file Form 2290 you have until August 31st to make your payment. It might seem far off now but the 2290 deadline is closer than you think. What are you waiting for? Don’t risk getting fined for being late to file your Form 2290. File your Form 2290 in a matter of minutes with ExpressTruckTax and get back to doing what you love!