HVUT is the Heavy Vehicle Use Tax collected annually on heavy vehicles that are operated on public highways with a registered gross weight of 55,000 pounds or more. The taxable vehicle weight is determined using the following aspects:
Fleet owners of small, medium and large businesses who operate heavy vehicles with a taxable gross weight of 55,000 pounds and more on public highways required to file Form 2290 to report the HVUT tax annually to the IRS and get a stamped Schedule 1 copy from the IRS in return.
Have the below information ready to file IRS HVUT Form 2290,
You must file Form 2290 and report the Heavy Highway Vehicle Use Taxes in the annual tax period which begins on 1st July and ends on 30th June. August 31st of each year is the due date for the Annual renewal of form 2290. For New Vehicles, file 2290 form by the last day of the month following the month of the vehicle’s first use.
Electronically: File Form 2290 electronically through any electronic return originators (ERO), or any IRS approved e-file service provider such as ExpressTruckTax.com. To know more information on e-file, visit the IRS Trucking Tax Center.
E-file with ExpressTruckTax, for fast, secure, and error-free HVUT tax reporting with no manual calculations.
Paper: For paper filing, mail Form 2290 to the IRS address. If tax not paid using the Electronic Funds Transfer or Electronic Federal Tax Payment System (EFTPS), mail the Form 2290-V and check or money order along with Form 2290.
If you fail to file the IRS Form 2290 by August 31st, the penalty will be equal to 4.5% of the total tax due. It is charged every month up to five months. Late filers also meet an additional monthly penalty equal to 0.5% of the total tax due.
