If you own a heavy vehicle that has a taxable gross weight of 55,000 pounds or more, you must have filed your Form 2290 for the same without any penalty before September 7, 2012 (Extended e-filing deadline that applied for this year). If you wish to register another heavy vehicle in your name under State, District of Columbia, Canadian, or Mexican law during this year’s Heavy Vehicle Use Tax period (July 1, 2012 – June 30, 2013), you need to file Form 2290 for it as well.
When to file Form 2290?
For the vehicle fresh under your name, Form 2290 must be filed to the IRS by the last day of the month following the month of first use.
For example, let’s say you purchase a new taxable vehicle on December 3, 2012 and the vehicle is required to be registered in your name. You put to use the vehicle on the public highway for the first time in December itself. In such a case, you must file Form 2290 reporting the new vehicle by January 31, 2013, for the period beginning July 1, 2012, through June 30, 2013. Just in case a due date falls on a Saturday, Sunday, or legal holiday, you need to file by the next business day.
Which mode of filing to choose?
Unquestionably, it is the e-file Form 2290 mode. The reason being its transmitting speed and quick Schedule 1 return, safety, reliability, automated precise calculations, saved time & travel when compared to the traditional paper filing. Know the basic details of your vehicle like VIN, date of first use, gross weight etc and start filing at tax2290. You would get your IRS e-file watermarked Schedule 1 copy almost immediately.