Hello, truckers! This is a gentle reminder to inform you that the pro-rated form 2290 tax for the heavy vehicles first used on January 2023 is due by the end of this month. So, all truckers and truck taxpayers with the trucks first used in January should file their form 2290 HVUT to the IRS and get the official schedule 1 copy within the last date. Or else, the IRS will charge penalties or late fees based on the tax amount, and it will become impossible to operate your heavy vehicle on the public highways without a valid schedule 1 copy.
All the taxable vehicles should report form 2290 HVUT!
The heavy vehicles or trucks that come into the taxable category are entitled to report and pay form 2290 truck taxes in advance during the beginning of every tax season. Form 2290 truck taxes are always charged in advance, so truckers should estimate their taxes based on their truck operation and pay them accordingly to the IRS. So, your truck needs to have a total gross weight of over 55,000 pounds and should run over 5,000 miles (7500 miles for logging vehicles) on the public highways to come under the taxable category. All truckers with taxable heavy vehicles should pay form 2290 truck taxes to the IRS and get the official schedule 1 copy. If there is a change in taxable category during the tax period, truckers can file for form 2290 amendments and get the schedule 1 copy appropriately. The heavy vehicles or trucks that don’t come under the taxable category also should report form 2290 HVUT to the IRS as tax-suspended vehicles.
Partial period form 2290 taxes are charged based on the first used month.
The general tax period starts around the beginning of July every year and lasts till the end of June the following year. So, truckers and trucking taxpayers should file their form 2290 to the IRS and get the schedule 1 copy within August 31 to continue their trucking operations on the public highways. But for the newly purchased or first used vehicles in any month other than July, form 2290, truck taxes are charged on a pro-rated or partial period basis. This partial-period or pro-rated form 2290 taxes are charged based on the vehicle’s first used month. It is calculated from the first used month to the end of the current tax period. Therefore, for the vehicles first used in January 2023, the form 2290 truck tax is calculated from January to June 2023, which is the end of the current tax period. And the last date to file the pro-rated form 2290 tax is February 28, 2023.
E-file partial period form 2290 truck taxes for January at Tax2290.com today!
Tax2290.com is an IRS-approved form 2290 e-filing service provider for online HVUT form 2290. We offer convenient solutions to e-file form 2290 directly to the IRS and get the IRS-approved digitally stamped/watermarked Schedule 1 copy instantly. You can never worry about paper filing, accuracy, time, and money with Tax2290.com. Our services are the quickest, accurate, and highly economical in every aspect to report and pay your HVUT form 2290 online. Tax2290.com supports all IRS-approved online tax payment gateways. You can easily e-file form 2290 taxes and pay the tax dues directly to the IRS within no time. You can also download our Tax2290.com mobile application from Google Playstore and iPhone app store to e-file form 2290 with your smartphones. E-filing form 2290 online starts at $29.99 per return. Contact our customer support at +1 (866) 245 – 3918 for further assistance.