Hvut form 2290 requirements to file form 2290

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A IRS Tax Form 2290 online return can be used for paying Heavy Highway Vehicle Use Taxes due for highway motor vehicles used during the tax period with a taxable gross weight of 55,000 pounds or more.


  • 1. HVUT Form 2290 requirements to file Form 2290 Heavy Vehicle Use Tax (HVUT) The IRS Form 2290 exists as a way to pay Heavy Vehicle Use Taxes or HVUT, which must be filed with the IRS for any highway motor vehicle that exceeds a gross weight of 55,000 pounds. IRS Tax Form 2290 online also includes what is known as a Schedule 1, which is used to report all vehicles for which you are reporting tax (including an increase in taxable gross weight) and those that you are reporting suspension of the tax by category and vehicle identification number (VIN). The Schedule 1 may also be used as proof of payment to register your vehicle in any state. Use the stamped Schedule 1 that was returned to you by the IRS for this purpose. Form 2290 HVUT Requirements The heavy vehicle use tax or HVUT is an annual fee assessed on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. The gross taxable weight of a vehicle is determined by adding the unloaded weight of the motor vehicle and any trailers together with the maximum load customarily carried on-road by the truck- trailer combination. IRS Form 2290 is filed annually to pay the HVUT due on the taxable vehicle and proof of payment is the Stamped Schedule 1 Form 2290. The monies collected are used to offset the cost for road repairs and maintenance. The IRS has simplified the process of filing Form 2290 and paying your HVUT taxes with the ability to E-File. Anyone who is filing a return with 25 or more vehicles is required to file electronically, but everyone is now encouraged to E-File. Through an IRS Authorized E- File Provider, like ExpressTruckTax.com, you can file your Form 2290, pay your HVUT taxes owed to the IRS and receive your Stamped Schedule 1 within minutes. Your Schedule 1 serves as proof of payment for your HVUT and when you file by the deadline you will avoid any IRS penalties. Penalties for Not Filing Form 2290 HVUT The current tax period is July 1, 2014-June 30, 2015. The penalty for not filing the IRS Form 2290 by the deadline is equal to 4.5% of total tax due. This amount is assessed on a monthly basis up to five months. Those who choose not to make their HVUT payment also face an additional monthly 0.5% of the tax due penalty. Additional interest charges of 0.54% per month accrue as well. Within 5 months of not filing and paying the HVUT tax, the HVUT liability that was originally $550 will be over $700.