The IRS has officially started accepting Form 2290 for the 2022-23 tax year, which means it is now time to file Form 2290. All stamped Schedule 1’s from the 2021-22 tax year have officially expired as of June 30th. A current stamped Schedule 1 is required to get the vehicle’s tags and registration. A copy of the stamped Schdeule1 should be kept in the vehicle in case the driver gets pulled over and is asked to provide it.
What is Form 2290?
If a vehicle weighs 55,000 pounds or more, Form 2290 for the Heavy Vehicle Use Tax (HVUT) must be filed. If a qualifying vehicle is driven less than 5,000 miles a year or less than 7,500 miles if it is used for agricultural purposes, the driver must still file Form 2290 with the IRS but will be exempt from paying the tax.
When is the Deadline to File Form 2290
The deadline to file Form 2290 is August 31st at midnight for qualifying vehicles that have been on the road for more than a year or are being put on the road for the first time this month. This time of year the IRS gets backed up so it is best to file Form 2290 as soon as possible.
ExpressTruckTax is the Form 2290 Solution for You
Wondering where to file Form 2290? Look no further than our sister product ExpressTruckTax. ExpressTruckTax is a market-leading Form 2290 e-filer that provides easy and stress-free Form 2290 e-filing in just a few simple steps. Just enter the business information, details about the vehicle, and the preferred tax payment method. There are several convenient ways to pay for the tax for Form 2290 tax including EFW, check or money order, EFTPS, and credit or debit card.
Selecting EFW (electronic funds withdrawal) will require bank account information and as soon as the IRS accepts Form 2290, it will withdraw the amount from the account. Any of the other options will require a few more steps in order to ensure that the HVUT is paid to the IRS. For check or money order, there will be a voucher that states where the payment should be sent. For EFTPS, the payment will be made at eftps.gov, but an account on this site is required or needs to be created in order to utilize this payment method. For credit or debit card payments, there is a list of approved credit card processors to choose from on the IRS website where the tax payment can be made.
Once Form 2290 is filed, the driver has until August 31st to make the tax payment. It might seem far off now but the deadline is approaching fast. Don’t wait and risk getting fined. File your Form 2290 in a few minutes with ExpressTruckTax!