What’s on your mind? The fact that it’s pretty hot and humid at this point during the summer, the fact that Labor Day is almost here to enjoy, or the fact that your Heavy Vehicle Use Tax (HVUT) Form 2290 is due by next Thursday, on August 31st?
If your mind isn’t on the deadline, then it should be, for at least 5 minutes, because that’s all it takes to quickly and conveniently file your Form 2290 with ExpressTruckTax in order to receive a copy of your stamped Schedule 1 via email within about 15 minutes, depending on IRS volume. Also, so you can become a HVUT expert we have put together a list of HVUT facts.
All About The HVUT
So what exactly is the HVUT? It is the tax assessed on the use of public highways by heavy vehicles with gross weights of 55,000 pounds or more. The taxes collected are used to repair, maintain, and build public highways.
You must file HVUT Form 2290 for every taxable highway motor vehicle that is required to be registered in your name under state, District of Columbia, Canadian, or Mexican law at the time of its first use period.
A taxable highway motor vehicle is one with a taxable gross weight of 55,000 pounds or more and includes any self-propelled vehicle designed to carry loads over public highways, regardless if it’s designed to perform other functions. A taxable vehicle consists of a chassis or a chassis and a body but does not include the load.
The current HVUT tax period began on July 1, 2017, and will end on June 30, 2018. The HVUT is based on your first use month and is due by the last day of the month following the first use month. For example, if you first use your truck in October then your Form 2290 will be due by November 30th. Because a majority of truckers first use their trucks in July, the last day of the following month, which is August 31st is a huge deadline day.
As a result of filing your Form 2290, you will get a copy of your stamped Schedule 1 which serves as your proof of payment. It actually has a digital watermark stamp that includes the time that the IRS approved and accepted your Form 2290. Your stamped Schedule 1 is very important because you need it to register new vehicles and to renew your vehicle tags. Without it, you will be operating illegally.
Luckily filing Form 2290 is extremely easy and some of your information can be found on previous stamped Schedule 1s. All you need to file is your business name, address, and EIN (Employer Identification Number). For your vehicles, you need the VIN (Vehicle Identification Number) and taxable gross weight.
How to E-File Form 2290?
You can actually file Form 2290 in 5 minutes or less with ExpressTruckTax. Simply head to ExpressTruckTax.com or download the ExpressTruckTax app to your smartphone or tablet and follow the step-by-step e-filing guide to instantly complete your Form 2290. Then you will receive a copy of your stamped Schedule 1 via email within about 15 minutes.
For an even easier way to file call TSNAmerica at 803.386.0320 to have a US-based representative file for you. All you have to do is answer a few questions during a short phone call, then your filing process will be complete and you will receive your stamped Schedule 1 via email.
Our dedicated, US-based support team is standing by to help. If you need any assistance give us a call Monday – Friday from 8 AM to 7 PM EST at 704.234.6005, connect with us via live chat, or take advantage of our 24/7 email support at firstname.lastname@example.org.
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