Tax Form 2290 – A Quick Introduction!

Tax season is among the most dreaded times for businesses. If you have a firm that owns a fleet of trucks, its time to know about the tax form 2290.

How important is tax form 2290? : If you drive a vehicle, you’ve probably experienced the ups and downs of highway use. Highways can sometimes be in good condition and at other times in bad shape. Such things happen as certain roads degrade due to the large amount of vehicles passing through it on a daily basis. In theory, more heavy vehicles passing on roads imply more weight put on pavements. Weight increases the natural wear and tear and inevitable destruction of highways.

The tax form 2290 retains structural integrity of highways by providing the government proper funding for road maintenance. Part of the funds would go to fixing certain areas with potholes or cracks. Others may go to looking at road safety to figure out if repairs should be made. Overall, it will help highways become safer for everyone.

Should everyone be paying form 2290? : No, not everybody is going to be paying it. The tax’s more known name is Heavy Highway Vehicle Tax. Only businesses utilizing heavy vehicles for commercial purposes, like trucks, will have to pay it. Included in this are those involved in delivering all sorts of goods. You don’t need to pay for it if the business only uses sedans or compact cars.

Are there possible exemptions? : Yes, there are numerous exemptions. The first batch of exemptions is for government entities and charitable institutions. Trucks and other heavy vehicles used by the government won’t require filing. Included in this are emergency medical vehicles and fire trucks. Exactly the same also is true for heavy vehicles used in charity or volunteer work. This means trucks used for food relief missions are exempted from paying. This exemption also will apply even if these vehicles go over 5,000 miles annually.

The second exemption is for vehicles used in agriculture. People that own vehicles for agricultural purposes might also make an application for exemptions. Trucks delivering agricultural goods are exempt if they run less than 7,500 miles.

How should a business owner submit form 2290? :There are three ways of doing it: paper filing, law firm or Tax practitioner filing, and E-filing. While paper filing might sound tempting, this option can have you worrying over many things while you run out of time. Obtaining papers for submission can easily take time. Add to this the complicated filing procedure. You may also face penalties if you submit late.

Filing through law firms or Tax preparer might sound ideal but this would cost more. Lawyers and Tax practitioner can charge fees by the hour and you will be looking at shelling out a great deal. You may be looking at paying hundreds of dollars in the process just to get everything right.

E-filing is the best option, since it gives you less hassle and cost. With a E-file service provider to assist you, you have competent assistance at your side. They do the legwork to assemble all your information and file them with the Internal Revenue System (IRS). The best part is you pay only a fraction of what you might be paying a law or Tax firm.The IRS encourages 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.

Although you will have to pay a small service fee to your software provider or e-file transmitter, e-file offers many advantages. 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 Schedule 1 is available through your software developer/transmitter almost immediately after we accept it. No more waiting for it to come in the mail! is committed to provide the Best in Quality and Service for all our users, / is a certified, IRS authorized, e-file service provider for Form 2290.Tax2290 is a product of ThinkTrade Inc and a part of We are a BBB accredited company with A+ certification.

For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at