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.