The American Trucking Association (ATA) is the largest national trade association for the trucking industry. According to the ATA forecast on trucking, freight is projected to grow approximately 21% by 2023. But the question is, are our highways going to grow at that rate of increment? No, highways will not grow near that rate, and trucks are projected to increase by 21% in the next 11 years.
If you are a company that has their own operating trucks you will need to file form 2290. Also if you were employed by a company your company files it for you only till when you were employed, you will be responsible for your own 2290 filing after employment. There are some companies out there who can file Form 2290 for you, and all you are going to need to file your 2290 is your registered business name and EIN (Employer Identification Number). Before you file form 2290 you will need to obtain your EIN from the IRS by filling out form SS-4 application to obtain Employer Identification Number if you don’t already have one.
The reason behind filing 2290 taxes is to inform state management the use of heavy vehicles, suspended vehicles/agricultural vehicles and to pay yearly taxes to the IRS. You can file as many vehicles as you own, there is no limitation on vehicles or businesses.
Form 2290 is a federal heavy vehicle use tax or HVUT which you or your company has to pay every year. Form 2290 tax year runs from July to June of each year and the taxes must be paid by August 31st. The tax amount depends on the estimated weight and estimated total mileage for the year, and is to be paid to the IRS.
You can also file you 2290 taxes (HVUT) in only a couple of minutes through our website etax2290.com or by calling us at 703-229-0326, meaning you can register and file electronically using our system, or let us take care of the filing over the phone. Our 2290 tax filing system is a very easy and simple program which saves both your money and time.