Deadline Alert! October 02, 2023, is the last date to report Form 2290 HVUT tax returns for the heavy highway vehicles first used or newly purchased in August 2023. So, truckers with August used trucks must act fast and report Form 2290 tax returns to get the IRS Schedule 1 copy on time. Otherwise, the IRS will charge hefty penalties, late fees, and interest on your tax dues if you fail to report your taxes by the deadline. Therefore, E-file Form 2290 pro-rated tax reports on TaxExcise.com today and instantly get the Schedule 1 copy to your registered email.
Report and pay your taxes within the deadline soon.
As per the IRS regulations, heavy highway vehicles must have a total gross weight of 55,000 pounds or more and be estimated to travel more than 5,000 miles (7500 miles for agricultural vehicles) on public highways to qualify for Form 2290 tax payments. They are considered taxable heavy vehicles. Truckers with taxable heavy vehicles must report and pay their truck taxes using the IRS Form 2290 and get a valid Schedule 1 copy. Also, truckers with heavy vehicles that don’t belong in the taxable category must report Form 2290 for their vehicles under the tax-suspended category and get the proper Schedule 1 copy from the IRS. But they don’t have to pay taxes for their tax-suspended vehicles. Putting things in succinct, truckers with taxable and tax-suspended vehicles must file Form 2290 tax reports to the IRS in their respective categories and get the appropriate Schedule 1 copy on or before the deadline to stay in compliance with the law.
Calculate your pro-rated 2290 taxes based on the vehicle’s first used month.
Generally, a tax period starts at the beginning of July and ends next June. Truckers and trucking taxpayers should calculate their HVUT reports for the whole tax period and pay the taxes in advance during the beginning of the season (July). For the heavy vehicles that are newly purchased or first used in any month other than July, the IRS charges Form 2290 HVUT on a partial period or pro-rated basis. These taxes are calculated from the heavy vehicle’s first used month till the end of the ongoing tax period. The last date to report pro-rated truck taxes is the end of the following month of the vehicle’s first used month. Here, you must estimate your pro-rated tax returns from August 2023 to June 2024. Since the month-end date of September falls on a weekend, the deadline rolls over to the next working day, October 02, 2023. So, ensure that you report your pro-rated truck taxes and get the IRS Schedule 1 copy on time.
E-file Form 2290 pro-rated tax reports on TaxExcise.com!
TaxExcise.com is an IRS-approved modernized online Form 2290 HVUT e-filing service provider. You can conveniently e-file Form 2290 online directly to the IRS and get the IRS digitally watermarked Schedule 1 copy to your registered email once the IRS processes your tax returns. As the deadline is approaching, e-filing pro-rated Form 2290 is the ideal way to stay ahead of the deadline and get the Schedule 1 copy on time. The whole Form 2290 e-filing process takes less than 30 minutes on our platform. Also, you will use our tax calculator feature to estimate your pro-rated tax dues and pay them to the IRS accurately. Contact our customer support team at (866) 245 – 3918 on all working days from 8 AM to 6 PM EST or write to us at support@taxexcise.com for more queries.