Truck2290 is Now Accepting Form 2290 Filings For The 2022-23 Tax Period
2290 Due Date For 2022-23 Tax Year
Avoid Hvut Penalties by filing HVUT within IRS form 2290 due date.
E-file Form 2290 for quick processing & receive IRS schedule 1 proof instantly.
Truck2290 is a leading E-file provider of Form 2290 tax preparation and filing.
When is Form 2290 Due date?
According to IRS regulations, the truck tax year is from July 1st, 2022 to the next year on June 30th, 2023. The IRS typically receives 2290 tax payments during the time of filing season. The annual tax payment period is from July 1st to August 31st. These two months are essential for truckers to pay heavy vehicle use tax (HVUT). Every trucker must file 2290 tax returns by “August 31st” to use their heavy vehicles on public highways in the United States.
If you purchase and register a new vehicle weighing 55,000 pounds or more in the middle of the reporting period, then file the 2290 tax form by the end of the following first used month of the taxable vehicle.
The Truck owners or operators who operate business or trade need to file form 2290 online if they have 25 heavy vehicles weighing 55,000 pounds or more used on US public highways.
First Used Month of 2290 Heavy Taxable Vehicle
According to form 2290 instructions, the month the vehicle is first driven on public highways is the first used month for the vehicle. The Form 2290 due date for that vehicle is the last day of the month following the vehicle’s first use.
Example: If you purchase a heavy highway vehicle with a taxable gross weight of 65,000 pounds in October and started using it, October is treated as the first used month of the vehicle, as the vehicle owner uses his/her heavy vehicle from a dealer’s shop to his home using public highways.
2290 Deadline for Vehicles with Different First Used Month
|Vehicle’s First Used Month||Form 2290 deadline|
|July 2022||August 31 st, 2022|
|August 2022||September 30th, 2022|
|September 2022||October 31 st, 2022|
|October 2022||November 30th, 2022|
|November 2022||January 3rd, 2023|
|December 2022||January 31 st, 2023|
|January 2023||February 28th, 2023|
|February 2023||March 31 st, 2023|
|March 2023||May 1 st, 2023|
|April 2023||May 31 st, 2023|
|May 2023||June 30th, 2023|
|June 2023||July 31 st, 2023|
Note: If the Form 2290 deadline falls on a Saturday, Sunday, or a holiday, ensure to file Form 2290 on the next business day.
What happens if you don’t file before the Form 2290 due date?
Truckers who fail to file the Heavy Vehicle Use Tax by the 2290 deadline may be subjected to penalties along with interest. In some cases, the heavy vehicle is suspended from on-highway transportation. Hence, late filing of the 2290 Highway Vehicle Use Tax results in paying extra dollars rather than what we owe to the IRS.
The saddest part of a trucker’s life is “paying extra pennies apart from the total tax amount”. 2290 HVUT penalties are heavy and hefty when you ignore the form 2290 filing process on time.
Form 2290 Penalty Information
290 tax form late filing is subject to penalties and interest. As we know, the IRS imposes penalties on truckers who fail to file the IRS 2290 form. Generally, IRS penalties are higher than the actual tax amount. The exact amount can only be calculated by an IRS-certified authorized e-file provider like Truck2290. For the convenience of truckers, we have provided the penalty rates here:
|Penalty||Reason for the penalty|
|4.5% on the total tax||Failure to file IRS 2290 Form within the Form 2290 deadline|
|0.5% on the total tax amount||Late paying of Heavy Vehicle Use Tax|
0.54% of interest is also charged along with the penalty for up to five months.
Plan ahead and set reminders to file your taxes. Don’t wait until the last minute. File your 2290 tax form by the due date or on time to avoid technical problems during peak filing season so you can be exempt from IRS penalties.
Frequently Asked Questions
Truckers must pay heavy vehicle use tax if they have registered a heavy motor vehicle in their name with a gross weight of 55,000 pounds are more.
Yes, truckers can file IRS Form 2290 after the due date in addition to paying the fines assessed by the IRS for 2290 late filing.
The IRS annual tax period begins on “July 1st and ends on August 31st” every year.
Yes, the IRS provides an exemption from the IRS penalties if you report a valid reason for the 2290 late filing. The exemption will last up to 5 months.
If anyone obtains a new or used vehicle other than July, they need to file their form 2290 on the final day of the following month.
A prorated tax is a tax that applies to a part of the tax year. If a trucker’s purchase of a heavy vehicle beyond July is considered a prorated tax.