Who is required to file Form 2290 and pay Heavy Highway Vehicle Use Tax?
Anyone who registers a heavy highway vehicle in their name with a gross weight of 55,000 pounds or more must file Form 2290 and pay the tax. Typically, owners of vans, pickup trucks, panel trucks and similar trucks are not required to file Form 2290 or pay tax on these smaller trucks. Trucks that are used for 5,000 miles or less (7,500 for farm trucks) are also excluded from this tax.
Who is required to e-file Form 2290?
IRS encourage all 2290 filers to e-file. If you are reporting 25 or more heavy highway vehicles for any taxable period, you are required to e-file through an IRS-approved software provider Tax2290.com or TaxExcise.com. Electronic filing improves tax processing and saves you personal resources, including time and postage. In addition, e-file reduces preparation and processing errors. You can e-file your return from your own computer, any time of day or night. Use e-file and your IRS Stamped Schedule 1 is available through Tax2290.com or TaxExcise.com immediately after IRS accepts it. Continue reading