Taxes can be confusing. First of all, there are a ton of different returns to remember from income tax returns, IFTA returns, Heavy Vehicle Use Taxes (HVUT), and more. Second of all, each of these different returns have different due dates to remember.
The HVUT Form 2290 deadline can be especially tricky because it can be due at different times of the year. However, don’t let it grind your gears because we are here to go over the deadline so you will know exactly when to file.
Your Form 2290 Deadline
Alright, so the HVUT Form 2290 tax period runs from July 1 to June 30 of the following year. The current HVUT tax period began on July 1, 2017 and will end on June 30, 2018. This is important to know because the HUVT deadline is based on your vehicle’s first use month.
Your first use month is the month that you first use your heavy vehicle on public highways during the tax period. Then your 2290 is due the last day of the month following the first use month.
Because most people first use their heavy vehicles in July at the beginning of the period their deadline is August 31st. However, if you don’t use your vehicle until October then your deadline will be on November 30.
See, no big deal, the deadline is easy! Just remember it’s due the last day of the month following your first used month. Now let’s see what other HVUT 2290 Form topics we can tackle.
What Is A Taxable Heavy Vehicle?
You have to file Form 2290 for all of your taxable heavy vehicles, which are highway motor vehicles with a taxable gross weight of 55,000 pounds or more. A highway motor vehicle is any vehicle that is self-propelled and designed to carry a load over public highways, regardless if they are also designed to perform other functions.
Examples of these vehicles include trucks, truck tractors, and buses. Usually, vans, pickup trucks, and panel trucks are not subject to the HVUT because they weight less than 55,000 pounds.
What Are The HVUT Penalties?
If you fail to file Form 2290 by the deadline you will have penalties to face. The penalty for filing late is 4.5% of the total tax you owe and this amount will accrue on a monthly basis for up to five months.
Also, if you fail to make a payment by the deadline you will face an additional penalty of .5% of the total amount due. Plus, you will face an additional interest charge of .54% on a monthly basis as well.
How Do I File HVUT Form 2290?
Well, that’s super easy. Head to ExpressTruckTax.com to create your free account then follow the step-by-step e-filing guide to complete your form in a matter of minutes. The instructions tell you what information is needed and where so you can transmit your form directly to the IRS in no time!
As a result of filing with ExpressTruckTax, you will receive your stamped Schedule 1 via email within 15 minutes of transmitting your Form 2290 to the IRS! You can also have your stamped Schedule 1 faxed or mailed wherever you need it to go and simply log in to your account at any time to access it.
If you need any HVUT assistance please don’t hesitate to contact the amazing, US-based ExpressTruckTax support team. We’re available Monday – Friday from 9 AM to 6 PM EST at 704.234.6005. We also offer live chat and 24/7 email support at support@ExpressTruckTax.com.
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