Taxes aren’t everyone’s favorite part of life, but if we take care of them before the deadlines, we can eliminate the stress. Recently filing tax forms and paying tax fees has been a stressful task due to the pandemic, but there is more to it, the “HVUT”. The Heavy Vehicle Use Tax (HVUT) is an annual charge imposed on heavy vehicles with recorded gross weights of 55,000 pounds or more that travel on public highways. The weight of the truck, trailer, and load are added together to calculate the total taxable weight of a vehicle.
Heavy Vehicle Use Taxes must be filed on an annual basis using Form 2290. The Heavy Vehicles Tax Cycle starts in July and the filing deadline is August 31st for each cycle. But this is not the same for the new vehicles first put into service mid-tax year. For instance, March 1st, 2021, Today, is the due date to file Form 2290 for any new vehicle or vehicle first used in the Month of January.
We have been through an unpredictable ride in 2020 that had made living life quite hard for people across the globe. But as we end the year, let us leave behind the bad memories and embrace the new year, 2021, with much-needed hopes and happiness.
With the New Year ahead of us we tend to get excited as it marks a new beginning and enables us to start with a clean slate with new goals, dreams, and resolutions. Here’s to a bright New Year and a fond farewell to the old. May all your heart’s desires come true.
The Federal Heavy Vehicle Use Tax Form 2290 needs to be completed by owner-operators and business owners alike who are registered or are required to register a heavy highway motor vehicle. Electronically filing Form 2290 enables you to receive your Schedule 1 in a few minutes rather than waiting a few months on forms mailed in. This filing deadline is not the same as the Vehicle Registration date, Irrespective of the vehicle registration renewal, form 2290 has to be completed for any vehicle used during a tax period by the last day of the month following the month the vehicle was first used on public highways. Form 2290 is due by September 30 for vehicles first put into service in the month of August 2020.
The time has come and the Grace period is
over, for the last few months you have been constantly reminded of the deadline
to file your form 2290 for tax year 2019-20, however to the best known reason
to some, they are still yet to file their form 2290 for tax year 2019-20. The
IRS also extended the deadline to file by 3 days due to the fact that the
August 31st falls on Saturday and Monday Sept 2nd is a
federal holiday that gives you another one more day (Today) to file your 2290
for 2019-20. Any filing done after the deadline (TODAY) might incur a penalty
for late filing and also incur a monthly interest on the total tax dues.
Why wait longer? Do your filing now and have the stamped Schedule 1 received in few minutes.
Procrastination!!! We all know about the
word procrastination and the negative effect of it in our day to day life in
some or the other way, But we say we are not a procrastinator just that we are
too occupied with our Family and work that we forget or put forth some of the
necessary things that might affect our activities if not done on time, But Do
you know? Procrastination can put us in a big trouble and have us wishing we
had acted earlier.
Such is the case if we procrastinate our
form 2290 filing, We are at the risk of paying huge penalty, interest for late
filing and payment and ultimately we are at risk of having our business
suspended and going out of business all because we decided to procrastinate our
form 2290 filing.
We would
like you to take a moment to pick up your current 2290 stamped sch.1 copies and
check the date, if your 2290 says 2018-19 then you have an expired copy with
you. And you need to renew it right away because Sep 3, 2019 is the deadline
for the 2019-20 renewal.
Well you do not have to worry about
spending time with your family or delaying your work, www.tax2290.com is just a click away from
helping you taking a step against procrastination and its negative effect, by
using our fast and easy website you are assured of having your stamped schedule
1 copy delivered to your email in minutes.
Also if you are thinking that you still got
time, you are right. However,
in your best interest you should renew your 2290 within this week because the
IRS e-file traffic will be at its peak and also will be the slowest to process
your filings due to huge numbers of filing that will be happening during the
final week.
You
wouldn’t want to take any chances, so log on www.Tax2290.com anytime within this week and
e-file your 2290 for 2019-20 to get the stamped sch.1 copy renewed within
minutes.
Help your friends also to stay compliant, forward this email to them! Deadline is only a fortnight away!
