Tag Archives: pro rated

Hurry Up! Form 2290 HVUT returns for February Used Vehicles are Due Soon!

Hello, truckers! This message is to remind you that if you have February used heavy vehicles in your fleet, it is time to report your Form 2290 HVUT tax returns to the IRS. The last date to report the Form 2290 tax reports for February used heavy vehicles is April 1, 2024. Therefore, you must report your Form 2290 tax returns at the earliest and get the Schedule 1 copy before the time runs out. You don’t have to pay or report your taxes for the entire tax period. You must pay only for the months you use your heavy vehicles on public highways. This is how the pro-rated or partial period taxes work; you should estimate your 2290 tax returns from the vehicle’s first used month until the end of the ongoing tax period. The last date to report pro-rated 2290 taxes is the end of the month following the first month of the vehicle’s use. If the last date falls on a weekend or public holiday, then it rolls over to the next working day.

Continue reading Hurry Up! Form 2290 HVUT returns for February Used Vehicles are Due Soon!