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What does HVUT 2290 Mean for the Next Generation Truckers

The Heavy Vehicle Use Tax and form 2290 have become a kind of the staple of the transportation industry. People who own a fleet of heavy vehicles like trucks or operate such heavy vehicles need to deal with 2290 and HVUT first. There are considerable changes that have taken place in regards to this tax and even the form. Both the federal government and the IRS have tried their level best in keeping up with the major...

IRS 2290 Form Filing Ensures Smooth Functioning of Public Highways

IRS 2290 is also called heavy vehicle use tax. It is a tax which is applicable for vehicles like buses, truck tractors, and trucks which are used on public highways. Here it is important to note that not all the vehicles which are classified as heavy vehicles are required to make payment for the dues. The vehicles with a total weight of 55,000 pounds and more are under the obligation of paying heavy vehicle use tax. Other...

IRS 2290 Filing and Heavy Highway Vehicle Use Tax – A Complete Overview for Smart Consumers

Heavy Highway Vehicle Use Tax which is commonly called Heavy Vehicle Use Tax is the tax which is paid by truck drivers. The name itself means that it is a tax which is applied to all those people who make use of large vehicles on highways and streets throughout the country for the business purpose. The form which is required to be filed for paying this tax is called Form 2290. Form 2290 due dates constitute the...

Why IRS is encouraging form 2290 e-filing

IRS 2290 filing for the tax period starts on 1st July, 2015 and ends on 30th June. 2016. People who possess a taxable heavy vehicle which weighs 55,000 pounds and more and is expected to go beyond the 5000 miles limit on public highway should report their 2290 taxes before 31st August and pay their tax in full. E-file or electronic filing is needed for every return reporting 25 vehicles or more. Taxpayers are generally suggested to...

The 5 W’s Associated with the Filing of Form 2290 Online

Very often, when an individual starts learning about something new, there are many questions that need to be answered. This is because a valid answer to some valid questions can help an individual in understanding the information he or she is introduced to. The questions are generally quite broad with informative answers. What, why, where, when and who are the 5 W’s which have an important role to play in understanding the base of any information. Who...

FAQs About Filing Form 2290

Like most things when filling out tax forms, the 2290 form for heavy highway vehicles can be a little bit complicated to understand. First, you have to determine whether or not your vehicle qualifies as a heavy highway vehicle and then if it does you have to figure out what your deadline to file is and what information you have to have in order to complete the form thoroughly and accurately. Here are some of the most...

IRS Form 2290 Tax Is To Hail the Truckers for Their Regular E-Filing on Time

Time and again and as ever continuing it is needed for truckers’ operators to report on time about their operations of commercial heavy vehicles weighing 55,000 pounds or more for carrying goods and services towards public benefit. They also have to honor the commitment of responding annually to IRS before 30th June every year, as designed and mandatory as a mark of the mutual trust between the federal body IRS and truckers’ community. Including their services of...

The Essentials Of Form 2290 Are Potential In Determining The Right Excise Tax Slab

Essential details that are clearly provided by truckers in the form 2290 will help determine the exact excise tax slab. The EIN-Employers Identification Number(not SSN), the VIN-Vehicle Registration Number, and the taxable gross weight of each vehicle are the most essentials of form 2290. In this, the taxable gross weight of the vehicles undergoing excise tax formalities through form 2290 is the potential lead to assess the excise tax payable by the truckers to IRS. As per...

IRS Reminder For Truckers Regarding HVUT Form 2290 Due Date

WASHINGTON — The Internal Revenue Service today reminded truckers and other owners of heavy highway vehicles that in most cases, their next federal highway use tax form 2290 due on August 31. The deadline generally applies to Form 2290 and the accompanying tax payment for the tax year that begins on July 1, 2012, and ends on June 30, 2013. Returns must be filed and tax payments made by Aug. 31 for vehicles used on the road...

Different Ways to Filing IRS Tax Form 2290

Those of you who are involved in the trucking trade, you’re almost no stranger to the HVUT, but others out there are just getting started and want to be sure they are meeting their responsibilities. Even the veterans of the industry may not catch all the changes as they come. So let us go through the different ways to file  IRS Form 2290  so that everyone gets a basic idea of what’s going on. What it means to...