Form 2290 is to file a Heavy Highway Vehicle Use Tax Return(HVUT). It is required for highway motor vehicles that have a taxable gross weight of 55,000 pounds or more.
IRS Form 2290 also includes 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.
Anyone who registers a heavy highway motor vehicle in their name with a
gross weight of 55,000
pounds or more
must file Form 2290 and pay the tax. Typically, owners of vans, pickup trucks, panel trucks and similar trucks are not required to file form 2290 or pay tax on these smaller trucks.
trucks that are used for 5,000 miles or less (7,500 for farm trucks) are also excluded from this tax.
You may be an individual, limited liability company (LLC), corporation,
partnership, or any other type of organization (including nonprofit, charitable, educational, etc.).
Click here to know about Form 2290 Late Filing Penalties & Interest
There are three different categories for HVUT rates for these vehicles. Vehicles Below 55,000
pounds do not have HVUT because they do not qualify as a heavy vehicle. Vehicles between 55,000 and 75,000 pounds owe $100,
plus $22 per 1,000 pounds over 55,000 pounds.
Finally, for vehicles that are over 75,000 pounds the maximum HVUT is $550 per year.
The gross taxable weight is calculated by adding the following:
- Unloaded weight of vehicle, fully equipped for service.
- Unloaded weight of any trailers equipped for service and customarily used in combination with the vehicle.
- Weight of the maximum load customarily carried on the vehicle and on any trailers customarily used in combination with the vehicle.
Generally, the annual taxable period begins on July 1 of the current year and ends on June 30
of the following year. For vehicles that are in use at the beginning of the tax period, your
2290 filing deadline
is august 31. taxes on the full tax period must be filed and paid in advance.
The due date for a partial period return depends on the month you first use your vehicle.
If you place an additional taxable truck on the road during any month other than July, you are liable for 2290 taxes on it, but only for the months during which it was in service. you must file form 2290 for these trucks by the last day of
the month following the month the vehicle was first used on public highways.
Although it is rare, some Vehicles that fit the above description may be exempt from the hvut and filing requirements of form 2290.
To officially be exempt from filing Form 2290, the vehicle must be owned and operated by the following:
- The Federal Government
- The District of Columbia
- State or local government
- American National Red Cross
- Non-Profit Volunteer Fire Department, Ambulance Association, or Rescue Squad
- Indian Tribe Government (Only if the Vehicle is Used for essential Tribe or Government Function)
- Mass Transportation Authority (Only if granted certain powers normally exercised by the state)
- Qualified Blood Collector Vehicles
- Mobile Machinery that meets specifications for a chassis