Things to Know About IRS Form 2290

Last Updated at  May 3, 2021  By  Editorial Team

1. What is IRS form 2290?

IRS Form 2290 is a federal tax filing form used by truckers, trucking businesses, and owner-operators to report and pay their Heavy Highway Vehicle Use Tax.

2. You must file IRS form 2290 if...

  1. You own or operate a heavy vehicle with a taxable gross weight of 55,000 pounds or more
  2. You own or operate an agricultural vehicle that weighs 75,000 pounds or more
  3. Your taxable vehicle has travelled more than 5,000 miles in the American highways during the tax period
  4. Your taxable agricultural vehicle has travelled more than 7,500 miles in the American highways during the tax period

3. Here’s how you file it

There are two ways to file form 2290:

  1. Traditional method of filing or paper filing involves collecting the 2290 form from the IRS office and manually filling it out and mailing it to the IRS.

  2. The widely used method, e-filing involves relying on an IRS authorized e-filing service provider to file 2290 form online with the IRS.

4. Here’s when you file it

The form 2290 filing season starts on July 1 of the current year and stretches till June 30 of the next year. You must file your 2290 form and pay your HVUT tax before August 31st.

5. How much does HVUT cost?

Your HVUT tax amount is calculated based on your vehicle’s taxable gross weight. The tax amount starts at $100, plus $22 per 1,000 lbs over 55,000 lbs.

6. You can pay in more ways than one.

You can pay your HVUT tax through:

7. How do you prove you paid your tax?

Once the IRS processes your 2290 tax return, you will receive an IRS watermarked Form 2290 Schedule 1 copy which acts as a proof of payment of your HVUT tax. You must present this proof of payment at the DMV for updating your vehicle registration.

8. Forgot to file your IRS form 2290?

If your form is filed late or if you fail to e-file form 2290 at all, you will face a penalty of 4.5% of the total amount you owe. This will accrue on a monthly basis for up to 5 months. Plus, if you fail to pay HVUT tax before the deadline, you’ll need to pay a monthly fee of 0.5%.

On top of all of that, you will face an additional interest charge of 0.54%. These penalties will make the amount you owe skyrocket.

9. Need help filing your 2290 form?

You can get in touch with the IRS officials should you need any assistance filing your HVUT 2290 return(1). For those who file 2290 online through an e-filing service provider, 24/7 support is available in both English and Spanish.

10. How do you apply for a filing extension?

If you are unable to file your IRS 2290 form on time, you can request a filing extension by writing to the IRS at:

Internal Revenue Service
7940 Kentucky drive
Florence, KY 41042-2915

Your letter must state a valid reason for the delayed filing. Except for taxpayers that are abroad, the filing extension will not be valid for more than 6 months. If you need an extension to pay your HVUT tax, you need to write a separate letter requesting the same.

In conclusion...

Now that you have all the information you need to file your IRS 2290 form, it’s time to gather all the details and gear up for the filing season. Staying compliant and on the safe side of the law is crucial for truckers and trucking businesses, especially during testing times like these.