What is Form 2290 ?
IRS Form 2290 is an IRS form for paying federal tax on the first use of a taxable highway motor vehicle on a public highway. The vehicle must be more than 55,000
- Figure and pay the tax due on highway motor vehicles .
- If you completed the suspension statement on another Form 2290 a vehicle and that vehicle later exceeded the mileage use limit during the period,you can use IRS 2290 for payment of tax.
- Figure and pay the tax due if, during the period, the taxable gross weight of a vehicle increases and the vehicle falls into a new category.
- To claim suspension from the HVUT
- To claim a credit for tax paid on vehicles that were destroyed, stolen, sold, or used 5,000 miles or less (7,500 miles or less for agricultural vehicles).
- To report acquisition of a used taxable vehicle for which the tax has been suspended.
- To figure and pay the tax due on a used taxable vehicle acquired and used during the period.
What is 2290 Due Date ?
The tax year for professional drivers is from July 1st until June 30th of the following year.If you have a new vehicle, you must file Form 2290 by the last day of the month following the first month it was used on public highways. If your vehicle was in use last July, your Form 2290 due date is September 3, 2020.
What are HVUT payment due ?
You should pay 2290 tax within the due dates given below to avoid paying interest and penalties. Also important to note the when is 2290 due and pay tax regardless of when the state
IF vehicle is FIRST used during | Then, Due Date is |
---|---|
July | Aug. 31 |
August | Sept. 30 |
September | Oct. 31 |
October | Nov. 30 |
November | Dec. 31 |
December | Jan. 31 |
January | Feb. 28 |
February | March 31 |
March | April 30 |
April | May 31 |
May | June 30 |
June | July 31 |
What to do incase of additional trucks registration?
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Where to Mail Form 2290 ?
Please note that you must e-file your Form 2290, if you are filing for 25 or more vehicles . For manual filing of form 2290 , IRS website provides answer in following table
If you or your client lives in… | …and IS NOT enclosing a payment Use this Address | …and IS enclosing a payment Use this Address |
---|---|---|
Any state, a foreign country or a United States Possession | Department of the Treasury Internal Revenue Service Cincinnati, OH 45999-0031 | Internal Revenue Service P.O. Box 804525 Cincinnati, OH 45280-4525 |
Effective July 1, 2019, please use this address for Form 2290: | Department of the Treasury Internal Revenue Service Ogden, UT 84201-0031 | Internal Revenue Service P.O. Box 932500 Louisville, KY 40293-2500 |
What happens if you don’t file Form 2290 ?
If you don’t file Form 2290 online by due date, you are liable penalty and interest. The form 2290 failure to file penalty for failing to file IRS Form 2290 by August 31st is equal to 4.5 per cent of total tax due, assessed on a monthly basis up to five months. If you are late in paying 2290 tax , you may also face an additional monthly failure to deposit penalty equal to 0.5 percent of the total IRS HVUT tax due . Additional interest charges of 0.54% per month accrue as well.
For quick estimate of the HVUT use our free Form 2290 Tax Calculator .
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