Form 2290 is an IRS tax form that you need to file if you own a heavy vehicle weighing 55,000 pounds or more. The IRS mandates that everyone who owns a heavy vehicle with 5000 miles or above in the odometer should file their form 2290 before the due date.
Form 2290 Instructions
What is HVUT?
The Heavy Highway Vehicle Use Tax or HVUT is a federal tax imposed on vehicles with a taxable gross weight of 55,000 pounds or more. The taxable gross weight is the actual weight of the vehicle that is fully equipped for service without load.
How to File 2290?
File Form 2290 electronically through eform2290.com an IRS approved e-filing service provider. Get step by step instructions on how to file 2290 online.
What is an EIN Number?
Employer Identification Number (EIN) is a unique nine-digit number assigned by the IRS. The IRS uses the number to identify taxpayers who are required to file various business tax returns. EIN is also known as Federal Employer Identification Number (FEIN) or the Federal Tax Identification Number.
What is Form 2290 Schedule 1?
Schedule 1 is a proof of payment provided to you by the IRS upon payment of your Heavy Vehicle Use Tax. Once your Form 2290 is processed by the IRS, they will create two stamped copies of your Schedule 1. One will be provided to you and the other will be used by the IRS for record-keeping purposes.
What is Taxable Gross Weight?
The taxable gross weight is the actual unloaded weight of a vehicle fully equipped for service. This includes the vehicle’s body, all accessories & equipment attached to or carried on the vehicle along with the full supply of fuel, oil, and water.
What is a Vehicle Identification Number?
A Vehicle Identification Number, also known as the VIN, is a 17-character number that includes both numbers and capital letters. It is used by the automotive industry to identify individual motor vehicles.
What is a PIN?
A Personal Identification Number or a PIN is a five-digit number that acts as a digital signature while filing your Form 2290 online.
What is The Purpose of A Vehicle Category?
A vehicle category classifies heavy vehicles for tax regulatory purposes. It is important to know your vehicle’s category as it helps calculate your HVUT tax while filing your form 2290. The HVUT vehicle categories include taxable, suspended, exempted, logging, agricultural, and credit vehicles.