Form 2290 Heavy Use Tax: Why Must Some Businesses Pay for Such?

October 20, 2011 by  Filed under: Taxes 

If you have a trucking company or your business owns several vehicles that weigh more than 55,000 pounds, which drive on public U.S. highways, you are required to file a Heavy Vehicle Use Tax (HVUT form). IRS Form 2290 is used to file fees associated with this specific tax. These heavy vehicles are defined by the IRS (Internal Revenue Service) as trucks, buses, vehicles, and trailers. The vehicle’s gross weight includes the total weight of a truck loaded with goods, apart from any trailer it might be pulling.

The money collected from the Heavy Vehicle Use Tax is distributed to the states to use for maintenance, construction, and repairs of the roads. Heavy vehicles are capable of damaging the highways because of their weight. Some businesses use public highways more so than others, and the frequency of their travels and road usage causes the highways to deteriorate faster. These roads are reconstructed, renovated, and maintained all throughout the year because trucks can literally tear up the roads. The tax also funds for law enforcement, emergency road response teams, and such.

There are some vehicles that meet the definition of a heavy vehicle but are likewise exempted. All government operated vehicles are exempted, as well as emergency vehicles. Volunteer fire trucks, volunteer emergency vehicles, and all other types used by the government do not necessitate the 2290 tax. Commercial vehicles that do not travel more than 5,500 miles per year are also exempt. HVUT form, however, must still be filed to prove your vehicle is free from obligation. No fees will have to be paid.

After a trucker or business pays Form 2290 Heavy Use Tax, a Schedule 1 is stamped and is sent back to the vehicle owner as proof of payment. Only then businesses or trucking company owners can register their vehicles with the DMV, insurance companies, and the like.

Form 2290 Heavy Use Tax can be picked up at any IRS office or obtained electronically. For businesses or companies that own 25 or more vehicles, electronic filing or e-filing is required. In this day and age, however, business owners prefer to file taxations online as it is generally quicker, is more convenient, and takes a lot less time to fulfill. Likewise, there are many online services that can help businesses process an HVUT form.

Methods of payment accepted for 2290 Heavy Use Tax

1. Electronic federal tax payment system or EFTPS – This is a government service website that allows citizens to schedule tax payment online or over the phone.

2. Direct debit

3. Voucher

Currently, the IRS does not accept credit card payments or payment plans.

Various e-file providers can help businesses file the HVUT form on time without the hassle associated with tax filing. Should you choose to get help from one of the many e-file providers today, choose one that offers a full service. This includes annual returns, monthly filing, VIN corrections, amended returns, and so on. There are several who provide exceptional service and can get you immediate confirmation and status updates from the IRS.

Marina owns a trucking company and regularly submits the hvut form with a certified e-filer. The writer recommends seeking the help of e-filers especially for companies who need to submit form 2290 heavy use tax for more than 25 vehicles.

Article Source:

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

You must be logged in to post a comment.

Prev Post:
Next Post: