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 US highways. Form 2290 is also called as HVUT , Highway Vehicle Tax, Heavy Vehicle Use Tax, and Truck Tax.

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:

  1. Choose your ‘Business’
  2. Select the ‘Tax Period’ and ‘First Used Month’ of your vehicle
  3. Enter the vehicle information
  4. 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 IRS penalties.

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%.