Heavy Vehicle Used Tax- An Overview

Trucking is one such profession, that no one would ever understand until and unless you step into the trucker’s shoes. it makes a lot of difference in accepting the profession and trying it yourself. We might think it is an easy role, you get to check out the not-so-cool places around the city, and however, that is not what trucking deals with. It requires lot of hard work, passion and dedication for the nation.

However, being a trucker, you are carrying the load to be delivered as well as responsibilities that need to fulfilled with time. One of them includes, filing taxes through form 2290.So today, we are going to talk about heavy vehicle used tax.

What is Heavy Vehicle Use Tax?

Once your vehicle is registered with the state, you are required to report HVUT through form 2290 annually if your vehicles gross weight is more than 55,000 pounds. But if it travels less than 5,000 miles a year you need to file your return, however, you don’t have to pay any taxes. your vehicle is categorized as suspended vehicles.

The tax season for 2015-16 will be dropping into your calendars by July 1st and lasts till August 31st. However, if the due date falls on a weekend or a public holiday, the next business day is declared as the official due date to file form 2290. Also, if you have bought your vehicle on road after the tax season, you are subjected to file and pay your prorated tax for the months you drove your vehicle till the tax season. For Example, if your vehicle was first bought on service in the month of September 2014, you are required to file form 2290 by the end of October 2014. So, truckers, come over to Tax2290.com and file your prorated taxes with ease. The best, you will receive your schedule 1 copy in minutes.

With two methods to file taxes, paper filing and e-filing, IRS recommends taxpayers to file and pay form 2290 online for betterment. Also, tax filers who have more than 25 vehicles to report are mandated to e-file their return through an IRS certified e-file service provider like Tax2290.com.

When you paper file form 2290, you are likely to receive your schedule 1 copy in 5-45 days max and if you opt for e-filing, you receive your proof of payment to your registered account as well as your email address in minutes, once IRS accepts your return. The electronic copy will show a slightly visible watermark with the wording “Received XX / XX / XXXX.” Ensure you have a copy of the same in your heavy vehicle.

We have handpicked Tax Experts to assist you with filing form 2290 and solve queries if you are stuck in between. We will come in for your rescue. For more support, reach us @ 1-866-245-3918 or simply write to support@taxexcise.com.