Heavy Vehicle Use Tax

Trucking is a style, no one would understand. This epic statement says it all. Trucking is one such industry, where people are amused by the hard work and passion truckers share for the nation. However, there is one thing to think over. What is Heavy Vehicle Use Tax?

Once your vehicle is registered with the state, you are required to report HVUT through form 2290 annually if your vehicles gross weight is more than 55,000 pounds. Additionally if it travels more than 5,000 miles a year you need to file and pay the taxes by the due date. The tax season drops on your calendar on July 1st and lasts till August 31st. However, if the due date falls on a weekend or a public holiday, the next business day is declared as the official due date to file form 2290. Also, if you have bought your vehicle on road after the tax season, you are subjected to file and pay your prorated tax for the months you drove your vehicle till the tax season. For Example, if your vehicle was first bought on service in the month of May, then you are required to file form 2290 by the end of June. You should renew your form 2290 annually by August 31st.

This year, August 31st is falls on a weekend and 1st of September is a federal holiday on the occasion of Labor day, hence the Due date would be the 2nd September 2014. Ensure you file your return by extended due date or you know penalties would follow you.

With two methods to file taxes, paper filing and e-filing, IRS recommends taxpayers to file and pay their dues online for ease. Also, tax filers who have more than 25 vehicles to report are mandated to e-file their return through an IRS certified e-file service provider like Tax2290.com.

When you paper file form 2290, you are likely to receive your schedule 1 copy in 5-45 days max and if you opt for e-filing, you receive your proof of payment to your registered account as well as your email address in minutes, once IRS accepts your return. The electronic copy will show a slightly visible watermark with the wording “Received XX / XX / XXXX.” Ensure you have a copy of the same in your heavy vehicle.

Now that you know what is HVUT and other information, it’s time for some update. In few days, the tax season would start and filing would be flooding on our servers. However, to avoid virtual server traffic, we decided for pre filing form 2290. This is not the end, you can avail 10% discount on e-filing service fee by applying “LEADOFF14” as the coupon code.

Yes, that’s true IRS does not accept HVUT before July 1st, however, we would securely hold your return and we promise you to send across the schedule1 copy by July 1st week. If you are ready with your documents and look forward to file your return before time in order to carry out other important task, come over and file form 2290 at Tax2290.com with a dash of discount.

We have handpicked Tax Experts to assist you with filing form 2290 and solve queries if you are stuck in between. We will come in for your rescue. For more support, reach us @ 1-866-245-3918 or simply write to support@taxexcise.com.

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