IRS HVUT Form 2290 - An Overview
Any heavy vehicle used on highways with a gross weight of 55,000 pounds or more should pay the Heavy Highway Vehicle Use Tax (HVUT) to the IRS. The HVUT taxes collected will be used to maintain and the construction purpose of highways. The taxes are usually, due by August 31st each year for the vehicles that are first used in July for the tax period.
1.What is IRS Form 2290?
Form 2290 is used to report the heavy highway use tax imposed on vehicles operating on public highways.
Form 2290 is also used to
- report the taxes for suspended vehicles that exceeded the mileage limit
- report the taxes for the vehicle for which the taxable gross weight is fallen into a new category (increase in taxable gross weight)
- Claim suspension from tax for the vehicles that are expected to run below 5,000 miles or less (7,500 for agricultural vehicles)
- Report acquisition of a used taxable vehicle for which the tax has been suspended
- Report the tax due on a used vehicle acquired and used for the period
2.Form 2290 Schedule 1
Along with Form 2290, you have to attach the Schedule 1 to report all the vehicles for which the HVUT taxes are being reported. And also for the vehicles that you use to claim suspension. Schedule 1 will requires information about the vehicle’s first used month and the vehicle identification number (VIN).
HVUT Proof of Payment
Form 2290 will comes with two copies of Schedule 1. You have to complete both the copies and file them with the IRS. One copy will be used by the IRS and another will be sent back to you to use it as proof of HVUT payment to register your vehicle in any state.
3.What are Taxable Vehicles?
A highway motor vehicle such as a truck that carries load over public highways with a gross weight of 55,000 pounds or more is considered a taxable vehicle.
4.When a Form 2290 should be filed?
Form 2290 must be filed by the last day of the month followed by the month of the first use of the taxable vehicles. The current period begins from July 1, 2022 to June 30, 2023. For 2022-2023 tax period Form 2290 is due by August 31st, 2022 for the vehicles that are first used in July.
The due date will vary depending on the first used month. Click here to know about the deadline in detail.
5.Form 2290 Filing Methods
Form 2290 can be filed either by paper or electronically.
Filing Form 2290 Electronically
IRS mandate electronic filing for those who report Form 2290 with vehicles more than 24. IRS also recommends electronic filing for those who report Form 2290 for fewer vehicles for quicker processing of the return. Electronic filing guarantees the instant availability of Schedule 1 to the filer.
Where to file Form 2290 electronically?
Filing Form 2290 is simple and easy. Get started with the IRS approved 2290 e-file provider like ExpressTruckTax to file your Form 2290 electronically. The total filing process will only take less than 5 minutes and you will receive your Schedule 1 instantly through your registered email. There are a lot more reasons to choose ExpressTruckTax and here are few:
Filing Form 2290 by Paper
Still some filers prefer to file Form 2290 by paper. Filing Form 2290 by paper has a lot of manual intervention and it is prone to errors. Also, it will take up to 4 to 6 weeks to get your 2290 Schedule 1 when you file Form 2290 by paper.
Where to mail Form 2290?
Form 2290 mailing address will vary based on either the payment is attached with the Form or made through the EFTPS, or by credit or debit card.
If you choose to file Form 2290 by paper, complete Form 2290 with both the copies of 2290 Schedule 1 and mail it to the following address:
Form 2290 with Payment
P.O. Box 932500,
Louisville, KY 40293-2500
Form 2290 without payment due or for payments made through EFPTS, or Credit or Debit Card
Internal Revenue Service,
Ogden, UT 84201-0031
Make sure that you mail your Form 2290 to the IRS prior to your deadline to avoid penalties.