IRS Truck Tax Due Date
Here’s all you need to understand about form 2290, when is IRS form 2290 due date and the
penalties for late filing.
IRS Form 2290
Form 2290 or IRS Truck Tax is a federal tax on heavy vehicles weighing 55,000 pounds or
more and operated for 5,000 miles or more. This tax money is used to build and maintain
Form 2290 is also called as HVUT , Highway Vehicle Tax, Heavy Vehicle Use Tax, and
Requirements to File IRS Truck Tax
Before submitting IRS form 2290 online, these are the things you need:
- EIN (Employer Identification Number)
- VIN (Vehicle Identification Number)
- Name and address of your business
- The gross weight of your vehicle
Steps to File Federal Vehicle Use Tax
These are the steps to file IRS HVUT with form2290due:
- Choose your ‘Business’
- Select the ‘Tax Period’ and ‘First Used Month’ of your vehicle
- Enter the vehicle information
- Make the payment
The 2290 tax due is from 1 July to 31 August annually. For example, if your
truck is used in the month of July, then August 31 is 2290 due date for that
truck. The IRS HVUT must be paid before the federal vehicle use tax due date
month. If you pay the IRS HVUT after the 2290 deadline, then you will incur
2290 Tax Due Dates and More
The 2290 tax due for vehicles that were used in the month of July on government
roads, truck tax due is between 1 July and 31 August of that financial year.
If the truck tax due date falls on a weekend or on a federal holiday, then
you must file 2290 online before the deadline or it can be filed on the
next business day.
Filing 2290 OnlinPenalties for Federal Vehicle Use Tax Due Datee
The penalty for not filing IRS form 2290 after 2290 deadline is equivalent to 4.5% of
your total tax due and is valued for up to 5 months on a monthly basis. If you fail
to pay the IRS HVUT, you will be subject to an extra monthly penalty of 0.5%.