What is Form 2290? Form 2290 is an IRS tax form that is used to report and pay the Heavy Vehicle Use Tax (HVUT) for vehicles that have a Taxable Gross Weight of 55,000 pounds or more that are operated on public highways. When a driver files Form 2290 they will receive a Stamped Schedule 1, which is required to obtain a truck's tags and registration. If a driver is found without a current Stamped Schedule 1, it may result in fines and penalties.
Who is required to File Form 2290?
If someone operates a vehicle that weighs 55,000 pounds or more and drives more than 5,000 miles a year, or more than 7,500 miles if it is used for agricultural purposes, Form 2290 must be filed for this vehicle. If the vehicle does not exceed 5,000 miles, or 7,500 miles if it is used for agricultural purposes, Form 2290 must still be filed but the filer will be exempt from paying the Heavy Vehicle Use Tax.
When is the Due Date to File Form 2290?
The Form 2290 tax year goes from July 1st, 2022 to June 30th, 2023. The month that you first put a truck on the road that fits this requirement is known as the truck’s First Used Month (FUM). After a truck is first put on the road that meets the weight requirements, drivers have until the end of the month following the truck’s First Used Month to file Form 2290 for the truck. If Form 2290 is not filed by then, fines may occur. Not only that but without the Stamped Schedule 1 receives after Filing Form 2290, the vehicle’s registration or tags will not be obtainable.
If this is not the first time the truck has been on the road and it has been operated on the road for over a year, the vehicle's First Used Month will be in July, the beginning of the Form 2290 tax year. This means that drivers are filing Form 2290 for the full tax year instead of just part of the year. After a truck is put on the road, Form 2290 must be filed every July so that you do not get fined. When Form 2290 is filed for the Heavy Vehicle Use Tax, drivers have until August 31st to file Form 2290 and pay the tax for the upcoming tax year. Form 2290 is filed in advance and the amount paid is determined by the weight class of the vehicle.
When is the Deadline to File Form 2290 for the 2022-2023 Tax Year?
Filing for Form 2290 for the 2022-2023 tax year officially starts when the IRS starts accepting Form 2290 on July 1st, 2022. If Form 2290 is filed as soon as the IRS begins accepting them it means filers have more time to pay their HVUT. The deadline for filing and payment is August 31st. This means that if drivers wait until the last minute to file their Form 2290, it means that they will have less time to make their tax payment and get the amount needed to cover it.
If the Form 2290 due date is missed, however, the Form 2290 will be considered late and filers will likely be fined. It is important not to miss this deadline because without filing your Form 2290 you cannot receive your stamped Schedule 1, which is required to get tags and the registration for the vehicle. To prevent drives from missing the deadline to file Form 2290, TSNAmerica offers the perfect solution to prevent just that.
Why ChooseTSNAmerica?
TSNAmerica offers a great Form 2290 filing solution by having the option to file Form 2290 over the phone. This way drivers don't have to get to a computer and try to navigate a website to file or attempt to paper file. The Form 2290 deadline is right around the corner so it is important to file as soon as possible. Don't be late with Form 2290 and risk getting fined. Call TSNAmerica to file Form 2290 over the phone today!
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